TRSL approves $50m commitment

The US public pension has backed a North American private debt fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.02 billion
Allocation to alternatives: 38%

Teachers’ Retirement System of Louisiana has agreed to commit $50 million to Balance Point Capital Partners V, a contact at the pension informed Private Debt Investor.

The $20.02 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 Latin America, Europe and North America regions.

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