At its March 5 investment committee meeting, the Teachers’ Retirement System of Louisiana (TRSL) has approved an investment of up to $50 million in a fund managed by Stonepeak Infrastructure Partners.
The pension fund could not be reached for comment by the time of publication.
Stonepeak Infrastructure Fund IV, Stonepeak’s fourth flagship renewables infrastructure fund, is looking to raise $10 billion. It will follow the strategy of its predecessors by investing in energy, transport, renewables, telecommunications, utilities and water.
Other investors in the fund include the Seattle City Employees' Retirement System, which voted to commit up to $20 million to Fund IV in February.
The fund is expecting to hold a first close by April.
TRSL is oversubscribed to the infrastructure as
