Louisiana State Employees' Retirement System, Baton Rouge, committed $50 million to private equity fund-of-funds manager Quellos Group, said Robert W. Beale, CIO. Officials at the $7 billion system expect to commit another $50 million to a different manager at the end of June. HarbourVest Partners and Adams Street Partners currently manage about $300 million each in private equity for the retirement system. Plan officials are deciding among several finalists for the remaining $50 million commitment, but Mr. Beale declined to identify the candidates. The system issued an RFP for both commitments last fall.
New England Pension Consultants is assisting