Louisiana Schools awards $75m to PE

The approximately $2 billion Louisiana School Employees Retirement System (LSERS) at its April 11 board meeting approved commitments of up to $75 million to two private equity funds.

The public pension fund awarded up to $50 million to Aether Real Assets Seed Partners I, a real assets and natural resources fund managed by Aether Investment Partners, and up to $25 million to private equity co-investment fund Mesirow Private Equity Fund VIII-B, Matthew Freedman, chief investment officer, confirmed. He declined further comment.

Regarding its major actual alternative assets’ allocations, as of Sept. 30 . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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