TRSL approves $175m in commitments

The US public pension has backed two private debt funds.

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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 $100 million to Blackstone’s GSO and Capital Opportunities Fund IV and $75 million to Torchlight Debt Opportunity Fund VII, a contact at the pension informed Private Debt Investor.

The $18.72 billion US public pension has an 8 percent target allocation to private debt that currently stands at 7 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the North American region.

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