Louisiana School Employees' Retirement System, Baton Rouge, made three new commitments totaling $85 million, recently released board meeting minutes show.
The $1.9 billion pension fund committed $50 million to Aether Real Assets V, a real assets fund of funds that focuses on agriculture, energy and metals managed by Aether Investment Partners.
The pension fund also committed $25 million to value-added real estate fund Pennybacker V and $10 million to extension vehicle Pennybacker EIV, both managed by Pennybacker Capital.
As of June 30, the pension fund's actual allocations to real estate and natural resources were 12% and 5.5%, respectively.
Matthew Freedman, chief investment officer, did not respond to requests for further information.