TRSL approves $100m commitment

The US public pension has backed a Europe and North American-focused private debt fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $19.71bn
Allocation to alternatives: 32.00%

Teachers’ Retirement System of Louisiana (TRSL) has agreed to commit up to $100 million to HPS Mazzanine Partners 2019, a contact at the pension disclosed to Private Debt Investor. The subordinated / mezzanine debt fund has a North America and Western Europe focus.

The $19.71 billion US public pension has a 8.0 percent current allocation to private debt which currently stands at 6.0 percent.

TRSL has made seven commitments focused on private debt with a vintage of 2018 and 2019, which combined constitute $560 million.

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