Louisiana Teachers’ Retirement System, Baton Rouge, approved three new commitments totaling $364 million.
The $26.5 billion pension fund’s board approved commitments of €150 million ($164 million) to ICG Europe Fund IX, a middle-market debt fund managed by Intermediate Capital Group, and $100 million each to growth equity fund Summit Partners Growth Equity Fund XII and THL Equity Fund X, a large-cap buyout fund managed by Thomas H. Lee Partners, at its Aug. 26 meeting, a spokesperson said.
The pension fund previously committed $100 million to Thomas H. Lee Equity Fund XI and $75 million each to ICG Europe Fund VIII and Summit Partners Growth Equity Fund XI, all in 2021.
As of June 30, the pension fund’s actual allocation to alternative assets and real estate was 48%.
