LSERS approves $50m commitment

The US public pension has backed a distressed debt vehicle.

Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $1.78 billion
Allocation to alternatives: 22.50%

Louisiana School Employees’ Retirement System has approved a $50 million commitment to Maverick Lien Fund VI, as mentioned during the pension’s October 2020 retirement board meeting.

As illustrated below, LSERS allocates 22.50 percent of its full investment portfolio to alternative investments. The pension’s recent commitments to private debt have been to funds that focus primarily on investments in North America.

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