Louisiana TRS Commits $325M; Hires High Yield Manager

The Teachers’ Retirement System of Louisiana has disclosed four alternative investments totaling up to $325 million.

Up to $75 million was committed to Bain Capital Real Estate Fund III. Also in real estate, up to $75 million was approved for H.I.G. Europe Realty Partners III.

In private credit, up to $125 million was committed to Warburg Pincus Capital Solutions Founders Fund, and $50 million was committed to Castlelake Aviation V Stable Yield.

Also at the meeting, Nomura Corporate Research & Asset Management was hired as the U.S. High Yield manager. J.P. Morgan and Mackay Shields were the other two finalists for the search that Aon assisted with.

In addition, the board provided an update on the Multi-Asset Credit search. Apollo, Brandywine, and Manulife will be invited to interview for the search at an upcoming meeting.

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!