Louisiana School Employees' Retirement System, Baton Rouge, committed $25 million to BCP Fund III.
The $2.2 billion pension fund's board approved the commitment to the private equity buyout fund managed by Bernhard Capital Partners Management at its meeting Monday, said Matthew Freedman, chief investment officer, in an email.
The pension fund previously committed $25 million to BCP Fund II in 2018.
As of Dec. 31, the pension fund's actual allocation to private equity was 4%; the target is 12%.
