Alfie Crooks

The $72.5bn retirement system gave a verbal update during its October 24 investment committee meeting that it had closed a deal on September 30.

The $93bn system has operated with a growing private equity overweight for the last six years, after being dramatically affected by the denominator effect.

SWIB says it expects to increase its private equity and debt commitment pacing to reduce the system’s excess liquidity.

Buyouts spoke with a spokesperson for the New Mexico State Investment Council to better understand its pacing and co-investment strategy.

Lindsay Goldberg VI is targeting $4bn, with a $4.5bn cap, according to Teachers’ Retirement System of Louisiana’s board documents.

The pension fund, which held its biweekly board meeting October 3, said that it would commit $750m to its private equity portfolio.

The sovereign wealth fund will likely have to increase its commitments to the asset class to $1.5bn in FY2025.

The pacing projections were set a week after the system’s investment committee approved a rebalancing of its funds' private equity target allocations.

The system floated a plan to invest $250m to emerging private equity managers over the next five years.

The system approved a boost in its target private equity allocation up to 20%, from its current target of 13%.