Louisiana SERS Commits $125M to Private Equity

The Louisiana State Employees’ Retirement System has approved two private equity investments totaling up to $125 million, according to meeting minutes from the April board meeting. 

$100 million was committed to KPS Special Situations Fund VI. $25 million was also committed to KPS Mid Cap Fund II.

NEPC assisted with the investments.

As of March 31, 2023, the $12 billion Retirement System has an actual and target allocation to private markets of 23% and 22% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!