TRSL supports BC Partners latest fund

The Baton Rouge based pension has committed to BC Partners recent distressed debt vehicle

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $23.3 billion

Teachers’ Retirement System of Louisiana has committed $125 million to BC Partner’s latest distressed debt fund, a contact at the pension confirmed.

At the pension’s January board meeting, TRSL announced it will be investing $125 million into BC Partners Credit Special Opportunities Fund III. The fund, which is targeting companies in Europe and North America, is seeking distressed debt returns. Its predecessor closed in December 2021 and exceeded its $750 million target at $1.2 billion.

As illustrated below, the Baton Rouge-based pension’s recent private debt commitments have tended to focus on Europe or North America-based vehicles targeting a variety or returns.

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