Louisiana State Employees’ Retirement System, Baton Rouge, committed $50 million each to Oaktree European Principal Fund III and Apollo European Principal Finance Fund II, both European distressed funds, Bobby Beale, chief investment officer, confirmed in an e-mail.
The $9.3 billion system and investment consultant NEPC recommended a universe of available European distressed funds and sent them RFPs to complete earlier this year, according to Mr. Beale.
Strategic Value Partners and Avenue Capital Group were also finalists.
