Searches and Hires

Louisiana Parochial earmarks $115 million for 2 funds

Louisiana Parochial Employees' Retirement System, Baton Rouge, made two new commitments totaling $115 million, said Troy Searles, chief investment officer, in an email.

The $4.1 billion pension fund committed $75 million to Blackstone Infrastructure Partners, an open-end fund managed by Blackstone Group that targets infrastructure assets in North American energy, transportation, water and waste, and communications sectors. Mr. Searles said that the pension fund is currently invested in Blackstone Partners Investment Fund, a hedge fund. He did not provide further information.

The pension fund also committed $40 million to buyout fund HarbourVest Partners Co-Investment Fund V. The pension fund previously committed $40 million to HarbourVest Co-Investment Fund IV in 2017.

The pension fund has a target allocation of 15% to alternatives.