Firefighters' Retirement System of Louisiana

About Firefighters' Retirement System of Louisiana

Firefighters' Retirement System of Louisiana's investment portfolio is valued at $2.43 billion as of May 31, 2024, with investments in private equity, real estate, hedge funds, real assets, natural resources, publicly-traded equities, fixed-income securities, cash, and other alternative asset classes.. Its returns for the 1 year, 3 years, 5 years, and 10 years were 14.3%, 2.9%, 7.8%, and 5.7%, compared to the benchmark returns of 13.4%, 2.8%, 7.6%, and 6.5%, respectively. As of May 31, 2024, the private equity portfolio was valued at $143.17 million, representing 5.9% of the total portfolio. This is an increase compared to February 29, 2024, when the private equity portfolio was valued at $139.51 million. As of May 31, 2024, the fund's private equity return for the 1 year, 3 years, 5 years, and 10 years were 6.1%, 8.5%, 13.1%, and 6.3%, compared to the benchmark return of 8.9%, 14.5%, 15.7%, and 13.6%, respectively. Investments in private equity include buyout, fund of funds, mezzanine, co-investment, secondaries, diversified private equity, private equity growth expansion, and venture capital strategies. As of May 31, 2024, the real asset portfolio was valued at $5.48 million. The fund's investments are governed by the board of directors, with Mr. Perry Jeselink serving as Chairman of the Board. NEPC serves as the LP Consultant.