Louisiana SERS To Award $180M PE Mandates

Louisiana State Employees’ Retirement System is seeking managers for two new mandates, Pensions & Investments reports. The managers will run $100 million in growth equity private equity and $80 million in European distressed private equity.

General consultant, NEPC, will assist in the system’s shortlist search. The system will use NEPC’s database and staff’s research to look for potential managers. The $9.1 billion system had an actual and target allocation of 12% to private equity in 2010.

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