Searches and Hires

Louisiana School Employees allocates $50 million to energy equity, private equity

Louisiana School Employees' Retirement System, Baton Rouge, made hires and commitments totaling $50 million, said recently released board meeting minutes.

The $1.9 billion pension fund hired Energy Opportunities Capital Management to run $25 million in a long-only energy equity strategy, and committed $25 million to BCP Fund II, a private equity fund managed by Bernhard Capital Partners Management.

As of March 31, the pension fund's actual allocations to domestic equity and private equity were 21.9% and 4.7%, respectively.

Investment consultant Segal Marco Advisors assisted.

Matthew Freedman, chief investment officer, could not be immediately reached to provide further information.