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Louisiana Parochial Employees commits $40 million to co-investment fund

Louisiana Parochial Employees’ Retirement System, Baton Rouge, committed $40 million to buyout fund HarbourVest Partners Co-Investment Fund IV, said Troy Searles, chief investment officer.

It is the $3.7 billion pension fund’s third commitment to a fund managed by HarbourVest Partners. It has a 15% target allocation to alternatives.