Louisiana Teachers' Retirement System, Baton Rouge, made two new commitments totaling up to $125 million.
The $20.8 billion pension fund committed up to $75 million to private equity fund Castlelake Aviation IV Stable Yield Opportunities and up to $50 million to Kohlberg Investors IX, a middle-market buyout fund managed by Kohlberg & Co., said Dana Brown, director of public markets.
TRSL previously committed $75 million to Castlelake Income Opportunities in 2019 and distressed debt fund Castlelake V in 2017, and up to $75 million to Kohlberg Investors VIII in 2016.
As of Oct. 31, the actual allocation to private equity/venture capital was 16%.
