Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $23.3 billion
Carlyle’s third fund, which launched this year, will be investing into Western Europe and North America, seeking debt returns. Its predecessor fund surpassed a $3.5 billion target and closed on $4.6 billion in March 2022.
Berkshire’s third loan fund also launched this year and will be investing into the real estate sector, seeking senior debt returns.
As illustrated below, the Baton Rouge-based pension’s recent private debt commitments have tended to focus on North America-based vehicles targeting Subordinated / mezzanine debt.
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