Louisiana State Employees' Retirement System, Baton Rouge, committed $100 million to Glendower Capital Secondary Opportunities Fund V.
The $12.8 billion pension fund's board approved the commitment to the secondary private equity fund managed by Glendower Capital at its March 25 meeting, said Laney Sanders, assistant chief investment officer.
As of Dec. 31, the actual allocation to private markets was 17.8%.
Investment consultant NEPC assisted.
