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Louisiana Commits $160M To Alternatives

07-03-2008 | Source: Money Management Letter

The Louisiana State Employees Retirement System has committed $60 million to the Mesirow Financial Fund V and $50 million each to the Erasmus Louisiana Growth Fund II and the Bridgewater Associates Pure Alpha Fund. Both the Mesirow and Erasmus commitments were new, and Bridgewater was a follow-on. Mesirow is a domestic private equity fund, Erasmus is a specialized co-investment vehicle run by alternative investment house Aldus Equity and Bridgewater is a multi-strategy hedge fund. The fund committed an additional $50 million to Bridgewater on top of the $100 million it allocated in 2007 because of positive performance, Pensions & Investments reports. Consultant NEPC assisted with the moves.

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