TRSL approves $100m in commitments

The US public pension has backed two private debt funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $18.72 billion
Allocation to alternatives: 41.0%

Teachers’ Retirement System of Louisiana has agreed to commit $50 million each to ICG Recovery Fund II and Castlelake V Dislocated, a contact at the pension informed Private Debt Investor.

The $18.72 billion US public pension has a 8.0 percent target allocation to private debt that currently stands at 7.0 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the North America, Europe, Asia-Pacific regions.

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