Louisiana State Employees commits $50 million to growth equity fund

Louisiana State Employees' Retirement System, Baton Rouge, committed $50 million to Insight Venture Partners X, a growth equity fund, said Laney Sanders, assistant chief investment officer, in an email.

The $11 billion pension fund conducted a shortlist search for growth equity managers. Other finalists were Apax Partners and Frontier Capital.

The pension fund's allocation to private equity was 13% as of June 30. The target is 14%.

Investment consultant NEPC assisted.