Louisiana State Employees' Retirement System, Baton Rouge, made a new commitment and a new hire totaling $100 million to emerging markets private equity, said Laney Sanders, assistant chief investment officer, in an e-mail.
The $9.9 billion pension fund committed $50 million to KKR Asian Fund III, managed by KKR & Co., and hired Siguler Guff & Co. to run a $50 million emerging markets private equity fund of funds. The commitment and hire make up the first exposure LASERS has had to emerging markets private equity.
The pension fund's actual and target allocation to private equity was 14% as of June 30.
