Institution: Louisiana State Employees’ Retirement System
Headquarters:Â Baton Rouge, United States
AUM:Â $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.