The Louisiana State Employees’ Retirement System (LASERS) has approved a commitment of up to $75 million to Coller International Partners VII, assistant chief investment officer Laney Sanders told Secondaries Investor.
Coller VII launched at the end of last year with a $5.5 billion target, according to PEI’s Research and Analytics division.
LASERS has an existing relationship with Coller, having invested in its previous fund, which raised $5.5 billion in 2012, PEI data disclosed.
That same year, the pension hired Coller to manage a $100 million mandate to acquire private equity assets on the secondaries market. Coller beat Paul Capital and W Capital Partners to the mandate.
“Secondaries was an area of focus this year as part of our annual private equity commitments,” chief investment officer Bobby Beale said at the time.
LASERS has a 13 percent actual, and target, allocation to private equity, according to its website.