Louisiana Teachers’ Retirement System, Baton Rouge, approved two new commitments totaling up to $175 million.
The $26.3 billion pension fund’s board approved commitments of up to $125 million to FP Credit Partners III, a direct lending fund managed by Francisco Partners, and up to $50 million to Asterion Industrial Infra Fund III, an infrastructure fund managed by Asterion Industrial Partners, at its May 2 meeting, spokeswoman Michelle Millhollon said.
The pension fund previously committed up to $25 million to Asterion Industrial Infra Fund II in 2021. There is no record of any prior commitments to Francisco Partners.
As of March 31, the actual allocation to alternative assets and real estate was 47.1%.
