LASERS announces $200m commitment

Louisiana State Employees' Retirement System announced its new private credit commitment to Gramercy's latest fund.

Name: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, US
AUM: $12.68 billion
Allocation to alternatives: 23%

Louisiana State Employees’ Retirement System announced a new debt commitment in its May 2023 board of trustees meeting.

The Baton Rouge-based public pension committed $200 million to Gramercy Capital Solutions Fund III. The senior debt fund managed by Gramercy was launched in early 2023.

Gramercy is a Greenwich, US-based investment firm that specialises in emerging markets investments. Its debt investments are spread across Latin America, Central and Eastern Europe, and the Middle East and Africa with minor investments in North America.

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