The Louisiana State Employees’ Retirement System (LASERS) has committed up to $125m to GTCR Fund XIV, a buyout fund managed by GTCR, a Chicago-based private equity firm focused on the business & consumer services, financial services & technology, healthcare & technology, and media & telecommunications sectors.
A report by Pensions & Investments Online cites recently released meeting minutes as confirming that the $12.7 billion pension fund’s board approved the commitment to the buyout fund on 17 November.
LASERS, which previously allocated $75 million to GTCR Fund XIII in 2020, has a target private markets allocation of 22%. As of September its actual allocation was 24.6%.
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Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Growth Business Services, Healthcare and Financial Services & Technology, Technology, Media & Telecommunications.
The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $20 billion in over 250 companies.
Source: Private Equity Wire
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