Louisiana Municipal Police Employees Retirement System, Baton Rouge, named HarbourVest Partners and Warburg Pincus as finalists in an invitation-only search to commit $15 million to a private equity fund, said Kathy Bourque, director.
The $1.8 billion pension fund conducted an invitation-only search in April following board approval of the 2015 private equity strategic plan that called for commitments of $15 million each to a secondary private equity fund and a private equity fund or fund of funds.
The managers will present their funds, HarbourVest Partners X and Warburg Pincus Private Equity XII, at the pension fund’s Oct. 21 board meeting.
The pension fund in June committed $15 million to Coller International Partners VII, a secondary private equity fund managed by Coller Capital.
Investment consultant NEPC is assisting.
