TRSL confirms up to $400m in commitments

The Baton Rouge based pension has made commitments to two new private debt vehicles.

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.

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