Louisiana State Employees’ Retirement System, Baton Rouge, committed $100 million to KKR North America Fund XIV.
The $15.6 billion pension fund’s board approved the commitment to the buyout fund managed by KKR & Co. at its Nov. 14 meeting, recently released meeting minutes showed.
LASERS previously committed $100 million to KKR North America Fund XIII in 2021.
As of Sept. 30, the pension fund’s actual allocation to private markets was 21.5%; the target is 25%.
Investment consultant NEPC assisted.
