Louisiana State Employees' Retirement System, Baton Rouge, committed $100 million to ArrowMark Global Opportunity Fund III.
The $12.4 billion pension fund's board approved the commitment to the private credit fund managed by ArrowMark Partners at its Feb. 25 meeting, said Robert W. Beale, chief investment officer.
As of Dec. 31, LASERS' actual allocation to private markets was 17.8%.
