Louisiana Teachers' Retirement System, Baton Rouge, committed $100...

Louisiana Teachers’ Retirement System, Baton Rouge, committed $100 million each to mezzanine debt limited partnerships Gleacher Mezzanine Fund and Prudential Capital Partners, said Richard Holbein, consultant to the $12.5 billion pension fund. The new commitments raise the system’s total mezzanine debt commitment to $530 million. Funding will come from rebalancing the system’s fixed-income allocation to make it more diversified. The system has made mezzanine debt part of its overall fixed-income portfolio; it had been classified as private equity, Mr. Holbein noted.