Louisiana School Employees' Retirement System, Baton Rouge, committed $15 million to Rosemawr Capital VI.
The $2.1 billion pension fund's board approved the commitment to the U.S. municipal market-focused private equity fund managed by Rosemawr Management at meeting on Monday, said Matthew Freedman, chief investment officer, in an email.
The pension fund previously committed $30 million to Rosemawr Capital V in 2020 and $20 million to Rosemawr Capital IV in 2019.
As of June 30, the pension fund's actual allocation to private equity was 7.4%; the target is 12%.
