Louisiana Teachers' Retirement System, Baton Rouge, made four new commitments totaling up to $220 million, said Dana Brown, director of public markets.
The $16.9 billion pension fund committed up to $75 million each to private equity funds TPG Growth III and TPG Partners VII. The pension fund previously committed up to $50 million to TPG Growth II in July 2011.
Also, the pension fund committed up to $35 million each to real estate funds Kayne Anderson Real Estate Partners IV, managed by Kayne Anderson Capital Advisors, and Related Real Estate Fund II, managed by Related Fund Management. Both are first-time commitments to the managers.
Separately, the pension fund rehired TIAA-CREF, VALIC and Voya Retirement Services as record keepers of its $1.7 billion 401(a) plan. The pension fund issued a solicitation for proposals in August due to upcoming contract expirations on June 30.
