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Louisiana Teachers commits $125 million to 2 funds

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Louisiana Teachers’ Retirement System, Baton Rouge, made two new commitments totaling up to $125 million.

The $26.5 billion pension fund’s board approved commitments of up to $100 million to HPS Strategic Investment Partners V, a private equity fund managed by HPS Investment Partners and up to $25 million to venture capital fund New Enterprise Associates 18 at its meeting Thursday, said Dana T. Brown, director of public markets.

The pension fund previously committed up to $100 million to HPS Mezzanine Partners 2019 and up to $25 million to New Enterprise Associates 17.

As of Sept. 30, the pension fund’s actual allocation to alternative assets was 31.7%.