FUNDRAISING NEWS | September 06, 2023
The Louisiana School Employees’ Retirement System has disclosed two alternative investments totaling $50 million that was approved at the August meeting.
$10 million was committed to the Kinterra Battery Metals Mining Fund, managed by Kinterra Capital. Kinterra invests in critical minerals, processing infrastructure, and applications to advance energy transition.
In addition, $40 million was committed to Landseer Insurance Co-Investment, a private equity fund.
As of March 31, 2023, the $2.1 billion Retirement System has an actual and target allocation to Natural Resources of 14.47% and 6% respectively. The actual and target allocation to private equity was 12.7% and 12% respectively.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
