Searches and Hires

Louisiana Employees adds 3 private markets commitments

Louisiana State Employees' Retirement System, Baton Rouge, made three new private markets commitments totaling $300 million, said Laney Sanders, assistant chief investment officer, in an email.

The $11.7 billion pension fund committed $100 million each to AEA Fund VII, a buyout fund managed by AEA Investors; Baring Asia Private Equity Fund VII, a middle-market buyout fund managed by Baring Private Equity Asia; and Warburg Pincus Global Growth, a private equity fund that targets sustainable value companies.

LASERS previously committed $50 million to AEA Fund VI in 2015; Baring Private Equity Asia and Warburg Pincus are new managers for the pension fund.

As of Sept. 30, the actual allocation to private markets was 13.3%; the target is 15%.