Louisiana Teachers’ Retirement System, Baton Rouge, committed up to $100 million to Arcmont Direct Lending Fund V.
The $27.5 billion pension fund’s board approved the commitment to the direct lending fund managed by Arcmont Asset Management at its Jan. 9 meeting, a spokesperson said.
It is TRSL’s first commitment to an Arcmont fund.
As of Nov. 30, the pension fund’s actual allocation to alternative assets was 36%; the target is 37%.
