The Louisiana State Employees’ Retirement System (LASERS) provides retirement and disability benefits to state employees and elected officials in Louisiana. With approximately $12 billion in total assets, LASERS serves over 90,000 active and retired members across state government.
Investment Strategy
LASERS maintains a diversified portfolio across public equities, fixed income, private equity, real estate, and other alternatives. The Board of Trustees sets asset allocation targets based on actuarial studies and long-term return requirements. The investment team implements the strategy with support from external managers and consultants.
The alternatives program includes private equity investments across buyout and growth strategies. Real estate allocations span core and value-add funds. LASERS has taken a measured approach to building its alternatives program, prioritizing established managers with proven track records.
How to Approach
Fund managers should direct inquiries to the LASERS investment staff in Baton Rouge. The system evaluates managers through a structured process including consultant review, staff due diligence, and Board approval. GPs should provide a clear fund overview, audited performance history, and competitive fee terms.
Frequently Asked Questions
What is LASERS's alternatives allocation?
LASERS allocates approximately 16% of its $12 billion portfolio to alternatives including private equity and real estate. The fund has been steadily building its alternatives program to enhance risk-adjusted returns and diversify away from public markets.
What fund sizes does LASERS typically commit to?
LASERS typically makes commitments of $25 million to $75 million per fund. The system invests across buyout and growth equity strategies and maintains a diversified real estate portfolio. The fund also selectively considers co-investment opportunities.
How can GPs engage with LASERS?
GPs should contact the LASERS investment team in Baton Rouge. The system works with investment consultants and evaluates managers based on track record, team quality, and fee structure. The Board of Trustees meets regularly to review and approve new manager commitments.
