Louisiana State Employees’ Retirement System, Baton Rouge, committed $75 million to BCP Infrastructure Fund.
The $15.1 billion pension fund’s board approved the commitment to the core infrastructure fund managed by Bernhard Capital Partners Management at its Aug. 22 meeting, recently released meeting minutes show.
LASERS previously committed $100 million to buyout fund BCP Fund III in 2022.
As of June 30, the pension fund’s actual allocation to private markets was 21.7%.
Investment consultant NEPC assisted.
