TRSL approves $50m commitment

The US public pension has backed a North America-focused infrastructure fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $21.49bn
Allocation to alternatives: 35.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has made a commitment of $50 million to Stonepeak Infrastructure Fund IV, a contact at the pension informed Infrastructure Investor.

The $21.49 billion US public pension has a 3.0 percent target allocation to infrastructure that currently stands at 4.0 percent.

As illustrated below, the TRSL i don’thas made five commitments to infrastructure funds with a 2018 or 2019 vintage, which combined constitute $325 million.

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