LSERS approves $100m commitment

The US public pension has established a separately managed account with ArrowMark Partners.

Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $2.01 billion
Allocation to alternatives: 20.91%

Louisiana School Employees’ Retirement System has agreed to establish a separately managed account with ArrowMark Partners to invest $100 million across the firm’s credit strategies, as mentioned during the pension’s March 2021 investment committee meeting.

As illustrated below, the pension’s recent commitments to private debt have been to funds that focus primarily on investments in North America. The pension’s chief investment officer is Matthew Freedman.

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