Louisiana Teachers' Retirement System, Baton Rouge, made two new commitments totaling up to $150 million.
The $27.3 billion pension fund's board at its Feb. 3 meeting approved commitments of up to $100 million to OHA Strategic Credit Fund III, a distressed debt fund managed by Oak Hill Advisors, and up to $50 million to PGIM U.S. Agriculture Fund, a fund managed by PGIM Real Estate that invests in row and permanent crops, said Dana T. Brown, director of public markets.
The pension fund previously committed up to $75 million to OHA Strategic Credit Fund II in 2016, and PGIM Real Estate is a new manager for the pension fund.
As of Dec. 31, the pension fund's actual allocation to alternative assets was 31.8%.
