Louisiana State Police Allocates $10M to Private Credit Fund

The Louisiana State Police Retirement System has revealed a $10 million commitment to the Blackstone Private Credit Fund, as shown in recent meeting minutes.

According to Blackstone’s website, the Blackstone Private Credit Fund focuses on “direct lending through first lien senior secured and unitranche loans to U.S. private companies, as well as second lien, unsecured, subordinated or mezzanine loans, structured credit, broadly syndicated loans, club deals and other debt and equity securities.”

As of June 30, 2022, the $1 billion Retirement System allocates approximately 17% to alternative investments.

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!

Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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