Louisiana Teachers' Retirement System, Baton Rouge, hired Prudential Fixed Income to run $400 million in active domestic core fixed income, confirmed Maurice Coleman, director of private markets.
The $13 billion system issued a solicitation for proposals in April; the retirement system has a 12% target allocation to domestic fixed income and is working on adjusting the allocation. No further information could be learned by press time.
Dodge & Cox was the other finalist. Hewitt EnnisKnupp assisted.
Separately, the system committed $50 million to Crow Holdings Realty Partners VI and $10 million to Blackstone Energy Partners. Hamilton Lane assisted.