The Louisiana State Employees’ Retirement System has approved two private equity investments totaling up to $125 million, according to meeting minutes from the April board meeting.
$100 million was committed to KPS Special Situations Fund VI. $25 million was also committed to KPS Mid Cap Fund II.
NEPC assisted with the investments.
As of March 31, 2023, the $12 billion Retirement System has an actual and target allocation to private markets of 23% and 22% respectively.
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