“This will give us a more efficient way of pursuing opportunities in top tier venture funds,” Maurice Coleman, director of private markets at Louisiana Teachers’, told PEHub
Louisiana Teachers’ has a target allocation to venture capital of two per cent, which currently sits at 0.5 per cent. Its exposure is currently through a $100m commitment to the 2000 vintage Horsley Bridge VII fund of funds and $50m to Special Private Equity fund of funds., alongside direct investments in Louisiana Fund I, Insight Venture Partners VII and Technology Crossover Ventures VIII.
Louisiana Teachers recently confirmed a $75m commitment to CVC Capital Partners Asia Pacific IV.
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