Louisiana Teachers’ Retirement System, Baton Rouge, is searching for one or more discretionary private markets consultants.
The $27 billion pension fund is seeking a consultant that would have the discretionary authority of approving private credit, private equity, real assets and real estate commitments, according to a solicitation for proposals posted on its website.
The pension fund’s board had approved issuing an SFP at its Dec. 4-5 meeting due to the upcoming expiration of current consultant Hamilton Lane’s contract on Dec. 31, 2025. A spokesperson did not say whether the firm would be eligible to rebid, but historically the pension fund has allowed incumbent managers and consultants to rebid when their services are put up for bid due to expiring contracts.
The pension fund’s private markets target allocations are 12% private equity; 8% core real estate; 7% each noncore real estate and venture capital; 5% mezzanine debt; 4% distressed debt; 3% each direct lending and infrastructure; 2% farmland; and 1% commodities.
The SFP is available on the pension fund’s website. Proposals are due at 4:30 p.m. CDT on March 10. Finalist presentations and a selection are scheduled for the pension fund’s June 12 board meeting.
