Louisiana Teachers' Retirement System, Baton Rouge, made three new commitments totaling up to $201 million.
The $21.4 billion pension fund committed up to €70 million ($76 million) to European buyout fund CVC Capital Partners Fund VIII, up to $75 million to buyout fund Thoma Bravo Fund XIV, and up to $50 million to Stonepeak Infrastructure Fund IV, managed by Stonepeak Infrastructure Partners, said Dana Brown, director of public markets.
The pension fund previously committed up to $100 million to CVC Capital Partners Fund VII in 2017, up to $50 million to Thoma Bravo Fund XIII in 2018 and up to $50 million to Stonepeak Infrastructure Fund III in 2017.
As of Jan. 31, the actual allocations to private equity/venture capital and infrastructure/commodities/farmland were 16% and 5%, respectively.
Separately, the pension fund announced Boston Partners Global Investors; Ceredex Value Advisors; Thompson, Siegel & Walmsley; and Wells Fargo Asset Management as finalists in its search for an active domestic midcap value equity manager to run about $335 million.
The pension fund issued a solicitation for proposals in January due to the impending contract expiration of current manager WEDGE Capital Management. The firm did rebid for the services.
Finalist presentations will take place April 2, with a decision expected shortly thereafter.
Investment consultant Aon Hewitt Investment Consulting assists with all SFPs.
