Louisiana Teachers’ Retirement System, Baton Rouge, approved three new commitments totaling up to $330 million.
The $26.5 billion pension fund’s board approved commitments of up to $150 million to Ares Special Opportunities Fund III, a middle-market distressed credit fund managed by Ares Management; up to $100 million to middle-market buyout fund Lindsay Goldberg VI and up to $80 million to middle-market buyout fund Everberg Capital Partners III at its Oct. 3 meeting, a spokesperson said.
The pension fund previously committed up to $100 million to Ares Special Opportunities Fund II in 2021 and up to $75 million to Lindsay Goldberg IV in 2014. There are no previous commitments to Everberg Capital.
As of June 30, the pension fund’s actual allocation to alternative assets and real estate was 48%.
