Searches and Hires

Louisiana Teachers retains Hamilton Lane

Louisiana Teachers' Retirement System, Baton Rouge, rehired Hamilton Lane as private markets consultant, said Lisa Honore, pension fund spokeswoman.

The $20.1 billion pension fund issued a solicitation for proposals in September due to the impending expiration of Hamilton Lane's contract. The pension fund's board on Nov. 1 voted to eschew finalist presentations and retain the incumbent.

Investment consultant Aon Hewitt Investment Consulting assisted.

Separately, the pension fund committed $50 million to Blackstone Real Estate Partners IX, an opportunistic global real estate fund managed by Blackstone Group. The pension fund's most recent Blackstone commitment was up to $125 million to the Tactical Opportunities Fund III in November 2017.

As of Sept. 30, the pension fund's actual allocations to private equity/venture capital and real estate were 13% and 8%, respectively.