Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
Allocation to alternatives: 35.0%
Teachers’ Retirement System of Louisiana has agreed to commit $75 million to Castlelake Aviation IV – Stable Yield (leasing), a contact at the pension informed Private Debt Investor.
The $20.89 billion US public pension has an 8.0 percent target allocation to private debt that currently stands at 6.0 percent.
As illustrated below, TRSL has made eight commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $633 million.
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