Louisiana Teachers’ Retirement System, Baton Rouge, disclosed four new commitments totaling up to $725 million.
The $25.9 billion pension fund committed up to $400 million to open-end real estate fund TA Realty Core Property Fund; up to $125 million to Kayne Anderson Real Estate Partners VII, an opportunistic real estate fund managed by Kayne Anderson Capital Advisors; and up to $100 million each to Bridgepoint Development Capital V, a European middle-market buyout fund managed by Bridgepoint Capital, and OHA Senior Private Lending Fund, a private credit fund managed by Oak Hill Advisors, spokeswoman Michelle Millhollon said.
The pension fund also made a follow-on commitment of up to $45 million to NGP Natural Resources XIII, an energy private equity fund managed by NGP Energy Capital Management.
TRSL originally committed up to $30 million to the NGP fund in 2023.
The commitments, which are subject to final term negotiations, were approved by Hamilton Lane, the pension fund's discretionary private markets manager.
As of Feb. 29, the pension fund’s actual allocation to alternative assets and real estate was 47.4%.
