Name: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rogue, US
AUM: $26.3 billion
Allocation to Infrastructure: 2.7%
Teachers’ Retirement System of Louisiana has committed $50 million to Asterion Industrial Infra Fund III, according to a board document sent by a source at the pension fund.
Managed by Asterion Industrial Partners, Asterion Industrial Infra Fund III follows a value-add strategy that will focus on Western European firms in energy, digital infrastructure, utilities and transport. Asterion Industrial Partners is targeting €3.2 billion with a hard-cap of €3.6 billion for the fund. Its predecessor fund closed at €1.84 billion in February 2022.
TRSL has a 2.7 percent allocation to infrastructure, below its 3% target. The pension fund has a $100 million-$200 million target for investing into infrastructure funds in 2024.
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