Louisiana TRS Commit $475M to Alts; Hires Two Managers for Multi-Asset Credit Search

The Teachers’ Retirement System of Louisiana has approved three alternative investments totaling up to $475 million.

Up to $200 million was committed to the private credit fund, Apollo Origination Partnership II. HPS Specialty Loan Fund VI was also awarded a commitment of up to $200 million. In addition, up to $75 million was committed to the private equity fund, KPS Special Situations Fund VI.

The Board also voted to hire HPS Investment Partners and Ares Management for the Multi-Asset Credit Manager search. Approximately $1 billion will be split between HPS and Ares. Apollo and Brigade Capital were two other finalists considered for the search.

Aon assisted with the search.

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