TRSL approves $150m in commitments

The US public pension has backed two private debt funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.11bn
Allocation to alternatives: 33.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana (TRSL) has agreed to commit up to $75 million to Summit Partners Credit Fund III and up to $75 million to Torchlight Debt Opportunity Fund VI, a contact at the pension informed Private Debt Investor.

The $20.11 billion US public pension has a 8.0 percent target allocation to private debt which currently stands at 5.0 percent.

TRSL has made seven commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $558 million.

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