Teachers' Retirement System of Louisiana is a public pension fund with a portfolio worth $26.45 billion as of June 30, 2024, invested in private equity, real estate, infrastructure, publicly traded equity, fixed income, natural resources and cash. Returns for the quarter 1, 1 year, 3 years, 5 years and 10 years were 1.83%, 6.88%, 2.94%, 7.45% and 7.66%, against benchmark returns of 1.92%, 10.88%, 3.06%, 7.41% and 7.44%, respectively. On April 30, 2024, the private equity portfolio was worth $7.98 billion, or 31% of the total portfolio, including $2.06 billion in private debt strategies. That allocation rose from February 28, 2024, when the portfolio was worth $5.60 billion. It is currently overweight against the 28% target allocation. Private equity investments cover buyouts, co-investment, diversified private equity, distressed debt, mezzanine, private equity growth expansion and venture capital fund strategies, diversified in geographical locations across the globe. The board of directors governs the plan's investments, and Mr. Philip Griffith is Chief Investment Officer. The LP Consultants are Aon Hewitt Investment Consulting, Mercer, Alliance Bernstein, Artisan Partners Limited Partnership, Baillie Gifford Overseas Limited, The Boston Company Asset Management, Brandywine Global Investment Management, Clifton Group / Parametric, Cohen & Steers, Counterpoint Global, Dimensional Fund Advisors, Driehaus Capital Management, Hamilton Lane Advisors, Income Research Management, J. P. Morgan Investment Management, Loomis, Sayles & Co., LSV Asset Management, Macquarie Investment Management, Mesirow Financial Investment Management, MFS Institutional Advisors, Mondrian Investment Partners, Oberweis Asset Management, Pacific Investment Management Co., PGIM Quantitative Solutions, PGIM Real Estate, Prudential Investment Management Co., Rhumbline Advisors, T. Rowe Price, Voya Investment Management, Western Asset Management Co. and William Blair Investment Management.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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