Louisiana TRS Allocates $100M to PC, Reviews 4 Int’l Large-cap Equity Managers

The Teachers Retirement System (TRS) of Louisiana is allocating $100M to a Crescent Capital Group private credit fund and reviewing four managers within its international large-cap equity portfolio.

Per materials from the pension’s February 6 board meeting, private equity consultant Hamilton Lane planned to commit $100M to Crescent Private Credit Income on behalf of the TRS, with support from investment staff. The allocation represents a follow-on investment to the private credit manager after Louisiana TRS made a previous investment in Crescent Credit Solutions IX last year.

The pension is also reviewing four international large-cap equity managers, namely Artisan Partners and Baillie Gifford within the growth sub-asset, and LSV Asset Management and MFS Institutional Advisors within value equity. General consultant Aon is assisting the pension with the annual manager reviews.

As of the latest Dakota data, Louisiana TRS administers a total portfolio of approximately $27B in pension assets.