TRSL backs GLP and Stonepeak

The Baton Rouge-based pension has committed to GIP and Stonepeak's latest infrastructure vehicles.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $23.3 billion
Allocation to infrastructure: 5%

Teachers’ Retirement System of Louisiana approved $100 million in commitments across two infrastructure vehicles, a contact at the pension has informed Infrastructure Investor.

At the pension’s September meeting, it committed $50 million each to Stonepeak Opportunities Fund and Global Infrastructure Partners V. The pension has previously invested in Stonepeak managed funds, including Stonepeak Infrastructure Fund IV, which the pension committed $50 million to. Similarly, TRSL has consistently invested in GIP’s infrastructure funds, including Global Infrastructure Partners IV and fund III.

TRSL has a 5 percent allocation to infrastructure that is valued at $1.16 billion.

As illustrated below, TRSL’s recent infrastructure commitments have targeted predominantly global funds focused on energy, utilities and renewable investments.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy, and fund investments.