Louisiana Teachers’ Retirement System, Baton Rouge, is searching for two active domestic core fixed-income managers to split a $900 million portfolio, said Dana Brown, director of public markets.
The $17.1 billion pension fund issued a solicitation for proposals due to the pending expiration of the contracts of current managers J.P. Morgan Asset Management and PGIM Fixed Income. Both managers can rebid.
Proposals are due at 4:30 p.m. CST on March 6. A decision is expected on May 5. The SFP is available on the pension fund’s website.
Investment consultant Aon Hewitt Investment Consulting is assisting.
Separately, the pension fund committed up to $75 million to EnCap Energy Capital Fund XI, an oil and gas fund managed by EnCap Investments. The pension fund previously committed up to $75 million to EnCap Energy Capital Fund X in February 2015.
The pension fund also committed up to $75 million to buyout fund Silver Lake Partners V. It is the first commitment to a Silver Lake fund by the pension fund.