Louisiana Teachers' Retirement System, Baton Rouge, approved two new commitments totaling up to $225 million.
The $25.5 billion pension fund's board approved commitments of up to $125 million to Castlelake Asset-Based Private Credit III and up to $100 million to Comvest Credit Partners VII, a direct lending fund managed by Comvest Partners, at its March 7 meeting, said spokeswoman Michelle Millhollon.
The pension fund previously committed up to $50 million to Castlelake Aviation V Stable Yield in 2023. There is no record of previous commitments to Comvest Partners.
As of Jan. 31, the pension fund's actual allocation to alternative assets was 36.8%.
