Louisiana MPERS enters secondaries with $15m Coller commitment

The Louisiana Municipal Police Employees’ Retirement System committed $15m to the fund.

Louisiana Municipal Police Employees’ Retirement System has committed $15 million to Coller International Partners VII, according to a director at the Baton Rouge-based pension fund.

“The board hired Coller with a commitment of $15 million,” wrote Kathy Bourque in an email to Secondaries Investor. “This is the first time that MPERS has invested in this strategy.”

She added that both Coller Capital and Permal Capital Management gave a presentation of their respective secondaries fund at the pension plan’s 17 June board meeting. Permal presented its Permal Private Equity Opportunities V, which is seeking to raise $500 million.

“Only one was to be hired,” she added. “The board decided to hire Coller.”

Coller International Partners VII is targeting $5.5 billion for its secondaries fund. Louisiana State Employees’ Retirement System has already committed $75 million to the fund and New Hampshire Retirement System has committed $50 million. At the end of April, the Pennsylvania Public School Employees’ Retirement System committed $100 million to the fund.