The Teachers’ Retirement System of Louisiana has allocated to $325 million to six new alternative investment strategies.
The $19 billion pension fund has roughly $8 billion in alternatives and real estate, which in was the only positive performing asset class with a gain of 1.29% in March. For the year the asset class is up over 10%.
The commitments to the six funds were approved by trustees last week, with all six private market offerings seeing commitments ranging from $25 million to $75 million.
Three funds were selected for $75 million commitments . . .
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