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FUNDRAISING NEWS | April 10, 2024

Louisiana TRS Commits $770M to Alts

Tags: Pension Funds, Alternative Insights, Real Estate, Private Credit, Private Equity

The Teachers Retirement System of Louisiana has disclosed five commitments to private credit, real estate, and private equity, totalling $770 million at the April 2024 board meeting. 

In private credit, $100 million was allocated to OHA Senior Private Lending Fund, a direct-lending fund that invests in the most senior parts of capital structure. 

$400 million was allocated to TA Realty Core Property Fund. An additional $125 million was allocated to Kayne Anderson Real Estate Partners VII, a real estate value-add fund focused on medical offices, senior housing and student and multifamily housing.

Lastly, two commitments were made to private equity funds totalling $145 million. $100 million was allocated to BDC V, a European middle-market buyout strategy. The remaining $45 million was allocated to NGP Natural Resources XIII. 

As of February 29, 2024, the $25.9 million Retirement Fund had an allocation of 7% to private credit, 12% to real estate, and 23% to private equity.

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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