Louisiana TRS Commits $335M to Alternatives

The Teachers’ Retirement System of Louisiana has disclosed five alternative investments totaling up to $335 million at the March 31 board meeting.

In private credit, $50 million was allocated to Plexus Fund VI, managed by Plexus Capital. In addition, $50 million was allocated to Balance Point Capital Partners VI, managed by Balance Point Capital. Lastly, $125 million was allocated to North Haven Credit Partners IV.

Within private equity, $35 million was committed in aggregate to two energy funds managed by Quantum Energy Partners; Quantum Energy Partners VIII and Quantum Energy Partners VIII Co-Investment Fund. In addition, $75 million was allocated to buyout fund, CVC Capital Partners IX.

As of February 28, 2023, the $24.5 billion pension fund allocates 23% to private equity and 8% to private debt. The target allocations for private equity and private debt are 19% and 9% respectively.

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