Louisiana State Employees' Retirement System, Baton Rouge, picked finalists in searches for international private equity and event-driven merger arbitrage managers for the $5.6 billion fund's alternative investments allocation.
Finalists for international private equity are Pacific Corporate Group and HarbourVest Partners. Merger arbitrage finalists are Halcyon-Alan B. Slifka and Kellner, DiLeo.
Portfolio sizes and managers will be decided Sept. 25. The fund's real estate portfolio will be liquidated and reallocated to the new managers. New England Pension Consultants is assisting.
Separately, the fund committed $30 million to the 1999 Brinson Partnership Fund Trust, a multistrategy private equity fund. The fund currently has $210 million in Brinson's series of trusts.