The Louisiana State Employees’ Retirement System (LASERS) has just committed up to $125 million to GTCR Fund XIV, a buyout fund managed by GTCR, the Chicago-based private equity firm focused on business & consumer services, financial services & technology, healthcare & technology, and media & telecommunications sectors.
A report by Pensions & Investments Online cites recently released meeting minutes as confirming that the $12.7 billion pension fund’s board approved the commitment to the buyout fund on 17 November.
LASERS, which previously allocated $75 million to GTCR Fund XIII in 2020, has a target private markets allocation of 22%. As of September its actual allocation was 24.6%.
Source: Private Equity Wire
