Louisiana Teachers’ Retirement System, Baton Rouge, committed up to $50 million to H.I.G. Bayside Loan Opportunities IV, a distressed debt fund managed by H.I.G. Capital, said Dana Brown, director of public markets.
The $16.9 billion pension fund also put on watch active domestic midcap value equity manager Systematic Financial Management, which runs $330 million. The firm is on watch for underperformance.
Kevin McCreesh, Systematic Financial Management’s chief investment officer, did not immediately return a phone call seeking comment.
