Louisiana Teachers’ outlines infrastructure pacing plans for H1 2021

The US public pension's fiscal commitment target pacing means it can commit up to a further $50m to the asset class by June 2021.

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Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $22.82 billion
Allocation to alternatives: 37%

Teachers’ Retirement System of Louisiana has set out its proposed infrastructure capital commitment pacing plans for the first half of 2021, according to documents provided by the pension to Infrastructure Investor.

TRSL’s target capital commitment to infrastructure for the fiscal year June 2020 to June 2021 stood at a maximum of $100 million.

Between June and December 2020, the pension made just one commitment to the asset class: $50 million to ISQ Global Infrastructure Fund III, meaning there is capacity for up to $50 million-worth of infrastructure commitments between February and June 2021.

The $22.82 billion US pension’s target allocation for the asset class is 1.5 percent, with actual allocation standing at 2 percent.

As illustrated below, TRSL’s recent infrastructure fund commitments have tended to focus on global unlisted equity funds targeting the energy and transport sectors.

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