Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $24.15 billion
Allocation to private debt: 8%
Teachers’ Retirement System of Louisiana has made two new private debt commitments totalling $400 million.
The US public pension fund announced during its June board meeting that it will be investing up to $200 million to Apollo Origination Partnership II and up to $200 million to HPS Specialty Loan Fund VI.
Apollo Origination Partnership II is a global vehicle that uses a senior debt strategy. Its predecessor held a final close of $2.35 billion.
The HPS Specialty Loan Fund VI also uses a senior debt strategy but will focus on the North American region.
As illustrated below, the $24.15 billion pension funds recent private debt commitments have tended to focus on North American vehicles using a senior debt strategy.
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