Louisiana State Employees' Retirement System, Baton Rouge, committed $100 million to Baring Asia Private Equity Fund VIII.
The $13.9 billion pension fund's board approved the commitment to the Asia-Pacific buyout fund managed by Baring Private Equity Asia at its Aug. 26 meeting, said Robert W. Beale, chief investment officer.
It is the pension fund's second commitment to the manager. LASERS previously committed $100 million to Baring Asia Private Equity Fund VII in 2018.
As of June 30, the actual allocation to private markets was 19.7%.