Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $24.48 billion
Allocation to private debt: 8%
Blackstone’s Senior Direct Lending Fund was launched in April 2023 and has a target size of $10 billion. The fund is a corporate senior debt vehicle targeting investments in North America.
TRSL has made previous commitments to private debt vehicles by Blackstone including $125 million Blackstone Tactical Opportunities Fund IV in May 2021 and $100 million to Blackstone Capital Opportunities Fund IV.
The $24.48 billion public pension has a current allocation of 8 percent to private debt, which is under its target of 9 percent. TRSL recent private debt commitments have tended to focus on senior debt strategies in North American regions as shown below.
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