LS
Louisiana State Employees' Retirement System
Pension fund · Founded 1946 · Baton Rouge, United States
Who Louisiana State Employees' Retirement System is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The Louisiana State Employees' Retirement System (LASERS) was established by the state legislature in 1946.
- Operations began in 1947 with an initial appropriation of $725,000 to create and administer the retirement plan for state employees and officers.
Source of Capital
- As a public pension fund, LASERS' capital is primarily sourced from contributions made by its members—the state employees of Louisiana.
- The state of Louisiana, as the employer, also contributes to the trust fund.
- These contributions are then invested to fund retirement, disability, and survivor benefits for eligible state officers, employees, and their beneficiaries.
Major Events
- For the fiscal year ending June 30, 2024, the system reported a 14% gross return on its investment portfolio, leading to a $1.5 billion increase in its net position.
Allocation Strategy
- The system allocates capital across a diverse range of asset classes, including a significant portion dedicated to public equities.
- LASERS has recently adjusted its strategy to increase its target allocations to domestic equity and private markets.
- The fund's investment approach is centered on achieving long-term growth and maintaining financial stability for its members.
The funds Louisiana State Employees' Retirement System backs.
Louisiana State Employees' Retirement System is a limited partner in 61 funds. 11 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Louisiana State Employees' Retirement System’s fund book is spread.
The 61 funds Louisiana State Employees' Retirement System backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 5184%
- Europe 915%
- Rest of world 12%
United States 50 · United Kingdom 8 · Canada 1 · China 1
How established those managers are
Managers grouped by how many funds they have raised. 15 emerging (three funds or fewer), 30 established — across the 45 of 61 with a fund history on record.
The companies Louisiana State Employees' Retirement System backs directly.
Louisiana State Employees' Retirement System holds 1 company directly, separate from the funds it commits to as a limited partner.
How those direct holdings break down by headquarters country, sector, entry stage and current growth stage.
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USA1
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Energy1
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Mature1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Louisiana State Employees' Retirement System by combined power-law score — North America first, then the nearest worldwide.