TRSL confirms $50m commitment

The Baton Rouge-based public pension has backed a private debt vehicle.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.4 billion
Allocation to alternatives: 47%

Teachers’ Retirement System of Louisiana has committed $50 million to Hark Capital IV, a contact at the pension confirmed.

The fund, which is managed by abrdn-owned Hark Capital Advisors, will invest into North American-companies and seek senior debt returns.

TRSL’s recent private debt commitments have tended to focus on global vehicles targeting distressed or subordinated/mezzanine debt returns.

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