Louisiana State Employees' Retirement System, Baton Rouge, made two new commitments to buyout funds totaling $200 million.
The $13.9 billion pension fund's board at its meeting Thursday approved commitments of $100 million each to Bernhard Capital Partners III and Vista Equity Partners Fund VIII, said Laney Sanders, assistant chief investment officer, in an email.
LASERS previously committed $75 million to Bernhard Capital Partners Infrastructure Fund in 2020 and $125 million to Vista Equity Partners VII in 2018.
As of Dec. 31, the pension fund's actual allocation to private markets was 20.3%; the target is 20%.
