TRSL approves $75m commitment

The US public pension has backed a fund focused on senior debt financing.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.89bn
Allocation to alternatives: 35.0%
Bitesize: $50-100m

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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.