Louisiana State Employees' Retirement System, Baton Rouge, made two new commitments totaling $175 million.
The $13.7 billion pension fund's board approved commitments of $100 million to GoldenTree Distressed Fund IV, a distressed debt fund managed by GoldenTree Asset Management, and $75 million to Apax Digital Fund II, a buyout fund managed by Apax Partners, at its May 27 meeting, recently released meeting minutes show.
As of March 31, the actual allocation to private markets was 18.2%; the target is 20%.
Investment consultant NEPC assisted.
Robert W. Beale, chief investment officer, and Laney Sanders, assistant CIO, did not reply to requests for further information.