The Louisiana Teachers’ Retirement System has announced its latest commitments to two large private equity funds. The pension fund has decided to invest in funds managed by Ares Management and Lindsay Goldberg. These investments come as part of the pension fund’s strategy to diversify its portfolio and generate strong returns.
Ares Management is a global alternative investment manager with a focus on credit, private equity, and real estate. The Louisiana Teachers’ Retirement System has committed $100 million to the Ares Corporate Opportunities Fund VI. This fund will focus on making control and structured equity investments in middle-market companies across North America.
Lindsay Goldberg is a New York-based private investment firm that focuses on partnering with family-owned and entrepreneur-led businesses. The pension fund has committed $75 million to the Lindsay Goldberg V fund. This fund will target investments in North American companies across a variety of sectors, including healthcare, industrials, and technology.
Both Ares and Lindsay Goldberg are well-respected firms in the private equity industry, with strong track records of delivering strong returns for their investors. The Louisiana Teachers’ Retirement System’s decision to invest in these funds reflects their confidence in the ability of these firms to generate attractive returns for their pension fund.
Overall, these commitments represent a strategic move by the Louisiana Teachers’ Retirement System to allocate capital to top-tier private equity funds with proven track records. By diversifying its portfolio and investing in funds managed by leading firms like Ares and Lindsay Goldberg, the pension fund is positioning itself to generate strong returns for its members over the long term.
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