Louisiana Firefighters' Retirement System, Baton Rouge, made two new private equity fund-of-funds commitments totaling $70 million, recently released board meeting minutes said.
The $1.6 billion pension fund committed $35 million each to private equity funds of funds HarbourVest Partners Fund XI and Mesirow Financial Private Equity Fund VII-A.
The pension fund previously committed $20 million to HarbourVest Partners Co-Investment IV in 2016. Whether the pension fund has committed to a prior Mesirow fund could not be immediately learned.
As of Oct. 31, the actual allocation to private equity was 3.4%; the target is 4%.
Michael Becker, chief investment officer, did not reply to requests for further information.
