The Louisiana State Police Retirement System has revealed a $10 million commitment to the Blackstone Private Credit Fund, as shown in recent meeting minutes.
According to Blackstone’s website, the Blackstone Private Credit Fund focuses on “direct lending through first lien senior secured and unitranche loans to U.S. private companies, as well as second lien, unsecured, subordinated or mezzanine loans, structured credit, broadly syndicated loans, club deals and other debt and equity securities.”
As of June 30, 2022, the $1 billion Retirement System allocates approximately 17% to alternative investments.
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