Louisiana State Employees' Retirement System, Baton Rouge, committed up to $125 million to GTCR Fund XIV.
The $12.7 billion pension fund's board approved the commitment to the buyout fund at its Nov. 17 meeting, recently released meeting minutes show.
LASERS previously committed $75 million to GTCR Fund XIII in 2020.
As of Sept. 30, the actual allocation to private markets was 24.6%; the target is 22%.
Investment consultant NEPC assisted.
Robert W. Beale, chief investment officer, and Laney Sanders, assistant CIO, could not be immediately reached for further information.
