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Alternative Assets  + Private Equity  |  October 26, 2023
Louisiana Teachers Pension Commits $125M to Two PE Funds
Joe Palmisano
By: Joe Palmisano

Louisiana Teachers Pension Commits $125M to Two PE Funds

The Teachers’ Retirement System of Louisiana, which oversees $24 billion in assets, approved two private equity commitments.

Hamilton Lane assisted in the selection of Hellman & Friedman Capital Partners XI ($75 million) and Insight Venture Partners XIII ($50 million).

Hellman & Friedman’s fund focuses on private equity investments across many industries including software, financial services, healthcare, insurance, internet and media, retail and consumer, energy and industrials, and business and information services.

The firm’s previous vintage closed in 2021 with $24 billion in commitments.

Insight Venture Management’s 13th fund will invest in growth-stage software, software-enabled services, and internet businesses. The firm is targeting up to $17 billion that has already attracted capital from the Pennsylvania Public School Employees Retirement System.

The latest private asset allocations follow the addition of $325 million in allocations to private equity and credit funds earlier this year.

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Inside The Story

Teachers’ Retirement System of Louisiana

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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