Louisiana Teachers Commits $330M to Alts, Updates ORP Consultant Search

The Teachers Retirement System of Louisiana (Louisiana TRS) approved $330M in private equity and credit commitments, including $150M in Ares Management’s latest special opportunities fund, at its October 3 board meeting.

In materials provided to Dakota by the pension, it said the board approved a $150M commitment to Ares Special Opportunities Fund III, $100M to Lindsay Goldberg VI, and $80M to Everberg Capital Partners III. The investments bring Louisiana TRS’ calendar year-to-date commitments in alternatives to over $2.4B, according to Dakota data, and as previously reported follow closely on the pension disclosing its intent to invest up to $4B in alts in fiscal 2025.

The Louisiana TRS also said its board selected SageView Advisory Group and Mercer Investments to serve as consultants for its optional retirement plan, noting that Meketa and Wilshire were also considered.

https://dakotanetworks.lightning.force.com/lightning/r/Public_Plan_Minute__c/a4aPY000000CcSvYAK/view

Written By: Dakota

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Louisiana Teachers Commits $330M to Alts, Updates ORP Consultant Search

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