Louisiana Teachers' Retirement System, Baton Rouge, disclosed four new commitments totaling up to $325 million, spokeswoman Michelle Millhollon said in an email.
The $24.5 billion pension fund committed up to $125 million to buyout fund Warburg Pincus Capital Solutions Founders Fund, up to $75 million each to value-added real estate fund Bain Capital Real Estate Fund III and H.I.G. Europe Realty Partners III, a value-added real estate fund managed by H.I.G. Capital, and up to $50 million to Castlelake Aviation V Stable Yield, a private equity fund that makes opportunistic investments in leased aircraft that are at the beginning to middle of their operating life.
The pension fund recently committed up to $75 million to Castlelake Aviation IV Stable Yield in 2019, and there have been no recent disclosed commitments to the other managers.
As of March 31, the actual allocations to alternative assets and real estate were 37.2% and 12.5%, respectively; their respective targets are 35% and 15%.
