Louisiana State Employees' Retirement System, Baton Rouge, committed up to $110 million to Coller International Partners IX.
The $12.9 billion pension fund's board approved the commitment to the secondary private equity fund managed by Coller Capital at its meeting on Thursday, said Laney Sanders, assistant chief investment officer, in an email.
It is LASERS' fourth commitment to a Coller Capital fund.
As of Dec. 31, the pension fund's actual allocation to private markets was 23.8%; the target is 22%.
Investment consultant NEPC assisted.