By Muskan Arora
The $26.9B Teachers’ Retirement System of Louisiana has whittled down its search for a private markets manager to four finalists.
During a recent meeting, the plan noted it is seeking a private markets manager for its private equity, private debt and real assets portfolios to replace current manager, Hamilton Lane, whose contract is set to expire at the end of the year.
Within the private equity and private debt bucket, the pension plan is looking at Hamilton Lane, HarbourVest and StepStone. For the real assets bucket, the pension plan selected Hamilton Lane, StepStone and Townsend.
Other firms who responded to the search include Albourne America, Meketa Investment Group, Bain Capital Credit and Victory Park Advisory Capital.
In other news, the pension plan also committed up to $100M each to Plexus Fund VII and TPG Partners V.
The plexus fund invests in small- to mid-sized private equity companies specializing in business services, retail and consumer, healthcare, niche manufacturing, value-added distribution, and software & IT services within North America.
The TPG buyout fund focuses on investments in healthcare, consumer products and business services across North America and Europe.
Further, the pension plan allocated €115M to EQT Exeter Logistics Value Fund V, a value-add real estate fund focused on supply chain and ecommerce-focused assets, including big-box warehouses, last-mile distribution centers, and light industrial properties throughout Europe.
