LP Tearsheet

LASERS approves $100m commitment

The US public pension has committed to a North American private debt fund.

By
Mostafa A Nasim
-

Institution: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, United States
AUM: $12.37 billion
Allocation to alternatives: 22.6%

Louisiana State Employees’ Retirement System has agreed to commit $100 million to ArrowMark Global Opportunity Fund III, a contact at the pension confirmed to Private Debt Investor.

ArrowMark’s third global opportunity credit fund seeks $750 million in capital commitments. LASERS confirmed the commitment following its investment committee meeting on 26 February 2021.

As illustrated below, the $12.37 billion US public pension’s recent private debt commitments target US-focused distressed debt vehicles.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.