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Timber Bay Partners receives commitment from LSERS

The US public pension has established a new relationship with the fund manager.

Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $2.14 billion
Allocation to alternatives: 16%

Louisiana School Employees’ Retirement System committed $20 million to Timber Bay Fund II at its October 2021 board of trustees meeting, a contact at the pension confirmed to Secondaries Investor. The pension can increase its commitment up to $30 million.

The fund’s predecessor, Timber Bay Fund I, held a final close at $135 million in May 2018.

As illustrated below, the pension currently allocates 16 percent of its investment portfolio to alternatives. This is the first commitment made by the pension to fund manager Timber Bay Partners.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.