Louisiana State Employees’ Retirement System (Lasers) has pledged $100 million to two European distressed funds, Pensions & Investments reports. The Baton Rouge–based system has pledged $50 million each to Oaktree European Principal Fund III and Apollo European Principal Finance Fund II.

NEPC had recommended and invited proposals from a universe of available European distressed funds earlier in the year. It is a $9.3 billion system and investment consultant.

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