TRSL backs Stonepeak

The Baton Rouge-based public pension backs Stonepeak's latest infrastructure vehicle.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $24.99 billion
Allocation to Infrastructure: 2.9%

Teachers’ Retirement System of Louisiana has made a commitment of up to $50 million to Stonepeak Infrastructure Fund V, a contact at the pension fund has confirmed.

Stonepeak’s fifth infrastructure fund is targeting $15 billion after its predecessor closed on $14 billion, far above its target of $10 billion. The fund will follow a value-add strategy and focus on digital infrastructure, energy and transport opportunities in North America.

Teachers’ Retirement System of Louisiana has also previously committed to Stonepeak Infrastructure Fund IV, Stonepeak Infrastructure Fund III and Stonepeak Opportunities Fund.

As illustrated below, the $24.99 billion US pension fund has a current allocation of 2.9% to infrastructure.

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