Louisiana Teachers' Retirement System, Baton Rouge, made two new commitments totaling up to $225 million, said spokesperson Michelle Millhollon.
The $24.6 billion pension fund committed up to $125 million to opportunistic real estate fund KSL Capital Partners Tactical Opportunities Fund II and up to $100 million to Clearlake Capital Partners VIII, a middle-market special situations fund managed by Clearlake Capital Group.
The pension fund previously committed up to $75 million to Clearlake Capital Partners VII in 2021. There is no record of prior commitments to KSL Capital Partners.
As of Sept. 30, the pension fund's actual allocation to alternative assets and real estate was 49.5%.