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TRSL plans to invest up to $100m in infrastructure in fiscal year 2018

by Jody Barhanovich

The $18.2 billion Teachers’ Retirement System of Louisiana plans to invest up to $100 million in infrastructure throughout fiscal year 2018, according to a board meeting document.

The pension fund mainly invests in physical and organizational structures and facilities related to transportation, power supplies and utilities. TRSL recently committed $50 million to NGP Natural Resources XII, managed by NGP Energy Capital Management, and in 2016, it committed $50 million to Global Infrastructure Partners III.

TRSL will also invest up to $100 million each to commodities and farmland, seeking to reach its 1 percent allocation target to each. In regards to commodities, the pension fund focuses its investments in tangible assets including raw materials, metals and energy-related natural resources. For farmland, TRSL invests in row and permanent crops and farmland services.

The pension fund’s overall target commitment pace for fiscal year 2018 is $1.3 billion to $1.6 billion, according to the board meeting document.

TRSL has a target allocation to infrastructure of 1.5 percent and an actual allocation of 1.9 percent.

 

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