Louisiana TRS Commits $325M to Alts

The Teachers’ Retirement System of Louisiana has committed up to $325 million across five alternative investments, according to an email from the Retirement System.

$125 million was committed to ICG North America Credit Partners III, a private credit fund managed by Intermediate Capital Group. $25 million was committed to HPS Strategic Partners V, a private credit fund managed by HPS Investment Partners. $25 million was committed to OHA Strategic Credit Fund III, a distressed credit fund managed by Oak Hill Advisors.

Outside of private credit, $75 million was committed to value-add real estate fund, FCP Realty Fund VI, managed by Federal Capital partners. In addition, $75 million was committed to private equity fund, JFL Equity Investors VI, a buyout fund managed by J.F. Lehman & Company.

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