TRSL confirms $125m commitment

The US public pension has backed Blackstone's latest tactical opportunities fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.9 billion
Allocation to alternatives: 37%

Teachers’ Retirement System of Louisiana has approved a $125 million commitment to Blackstone Tactical Opportunities IV, a contact at the pension informed Infrastructure Investor.

The vehicle launched in Q1 2021 with a $4.5 billion target. Blackstone‘s Tactical Opportunities fund series invests globally across a variety of sectors, though the strategic focus is on equity, debt and mezzanine investments in special situations.

TRSL has a 4 percent allocation to infrastructure, farmland and commodities investment.

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

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