Teachers' Retirement System of Louisiana

About Teachers' Retirement System of Louisiana

Teachers' Retirement System of Louisiana's investment portfolio is valued at $26.45 billion as of June 30, 2024, with investments in private equity, real estate, infrastructure, publicly traded equity, fixed income, natural resources, and cash. Its returns for the quarter 1, 1 year, 3 years, 5 years, and 10 years were 1.83%, 6.88%, 2.94%, 7.45%, and 7.66%, compared to the benchmark return of 1.92%, 10.88%, 3.06%, 7.41%, and 7.44% respectively. As of April 30, 2024, the private equity portfolio was valued at $7.98 billion, representing 31% of the total portfolio. The private equity allocation consists of $2.06 billion invested in private debt strategies. This is an increase compared to February 28, 2024, when the private equity portfolio was valued at $5.60 billion. The private equity portfolio is currently overweight compared to the target allocation of 28%. Investments in private equity include buyouts, co-investment, diversified private equity, distressed debt, mezzanine, private equity growth expansion, and venture capital fund strategies diversified in geographical locations across the globe. The plan's investments are governed by the board of directors, with Mr. Philip Griffith serving as Chief Investment Officer. Aon Hewitt Investment Consulting, Mercer, Alliance Bernstein, Artisan Partners Limited Partnership, Baillie Gifford Overseas Limited, The Boston Company Asset Management, Brandywine Global Investment Management, Clifton Group / Parametric, Cohen & Steers, Counterpoint Global, Dimensional Fund Advisors, Driehaus Capital Management, Hamilton Lane Advisors, Income Research Management, J. P. Morgan Investment Management, Loomis, Sayles & Co., LSV Asset Management, Macquarie Investment Management, Mesirow Financial Investment Management, MFS Institutional Advisors, Mondrian Investment Partners, Oberweis Asset Management, Pacific Investment Management Co., PGIM Quantitative Solutions, PGIM Real Estate, Prudential Investment Management Co., Rhumbline Advisors, T. Rowe Price, Voya Investment Management, Western Asset Management Co., William Blair Investment Management serve as LP Consultants.