LP profile · Pension fund
Louisiana State Employees' Retirement System
Louisiana State Employees' Retirement System is a pension fund headquartered in United States (North America). Ranked #206 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Sources
- https://lasersonline.org/about/history/legislative/
- https://www.nasra.org/files/State-Specific/Louisiana/LASERS.pdf
- https://personnel.louisiana.edu/benefits/retirement-plans/louisiana-state-employees-retirement-system-lasers
- https://www.thecentersquare.com/louisiana/article_76250d14-c145-11ef-b785-7b9bf384f44d.html
- https://www.pionline.com/pension-funds/louisiana-state-employees-pension-fund-changes-equities-private-markets-target
- https://lasersonline.org/2024/08/lasers-reports-14-0-investment-return/
- https://www.top1000funds.com/2017/10/lasers-targets-alternatives/