Searches and Hires

Louisiana School Employees commits $130 million to alternatives

Louisiana School Employees' Retirement System, Baton Rouge, made private equity, real assets and real estate commitments totaling $130 million, CIO Matthew Freedman said in an email.

In real assets, the $1.7 billion pension fund committed $40 million to Scout Energy Partners V, a U.S.-focused energy fund. The pension fund previously committed $40 million to Scout Energy Partners IV in 2018.

As of Dec. 31, the actual allocation to real assets was 3.9%.

In real estate, the pension fund also committed $40 million to Siguler Guff Distressed Real Estate Opportunities Fund IIB, a real estate fund of funds managed by Siguler Guff & Co. It is the pension fund's first commitment to a Siguler Guff fund, Mr. Freedman said. The fund also made a follow-on commitment of $10 million to Henderson Park Real Estate Fund I, an opportunistic real estate fund managed by Henderson Park Capital Management. LSERS originally committed $30 million to the fund in 2018.

As of Dec. 31, the actual allocation to real estate was 6.9%.

In private equity, the pension fund committed $20 million each to Rosemawr Capital IV and Rosemawr Municipal Partners Fund, private equity funds that focus on the U.S. municipal market, managed by Rosemawr Management.

As of Dec. 31, the actual allocation to private equity was 4.2%.