---
title: Louisiana TRS Commit $475M to Alts; Hires Two Managers for Multi-Asset Credit Search
description: Louisiana TRS Commit $475M to Alts; Hires Two Managers for Multi-Asset Credit Search.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/Louisiana-Apr-04-2024-11-29-03-2675-PM.jpg
---

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# Louisiana TRS Commit $475M to Alts; Hires Two Managers for Multi-Asset Credit Search

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/Louisiana-Apr-04-2024-11-29-03-2675-PM.jpg)

The Teachers’ Retirement System of Louisiana has approved three alternative investments totaling up to $475 million.

Up to $200 million was committed to the private credit fund, Apollo Origination Partnership II. HPS Specialty Loan Fund VI was also awarded a commitment of up to $200 million. In addition, up to $75 million was committed to the private equity fund, KPS Special Situations Fund VI.

The Board also voted to hire HPS Investment Partners and Ares Management for the Multi-Asset Credit Manager search. Approximately $1 billion will be split between HPS and Ares. Apollo and Brigade Capital were two other finalists considered for the search.

Aon assisted with the search.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Searches](https://dakotafunds.com/dakota-funds/tag/searches), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

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