Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
Allocation to alternatives: 33.00%
Teachers’ Retirement System of Louisiana (TRSL) has agreed to commit up to $75 million to Castlelake Income Opportunities Fund, as disclosed to Private Debt Investor by a contact at the firm. The debt-focused fund is managed by Castlelake and focuses on investments in North America and Europe.
The $19.51 billion US public pension has a 6.0 percent current allocation to private debt, with an 8.0 percent target.
TRSL has made six commitments focused on private debt with a vintage of 2018, which combined constitute $460 million.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.