Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.90 billion
Allocation to alternatives: 37%
The vehicle launched in Q1 2021 with a $4.5 billion target. Blackstone‘s Tactical Opportunities fund series invests globally across a variety of sectors with the strategic focus on equity, debt and mezzanine investments in special situations.
TRSL has an 8 percent target allocation to private debt which currently stands at 6 percent.
As illustrated below, TRSL’s recent private debt commitments have predominantly targeted vehicles pursuing subordinated or mezzanine lending strategies.
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