Institutional Investors

Louisiana narrows down FoHF search

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The roughly $9 billion Louisiana State Employees’ Retirement System (LASERS) has narrowed down its FoHF search to four finalists that were interviewed in late May.

On-site due diligence is being done with these finalists, which are Blackstone Alternative Asset Management, Entrust Capital, Permal and Prisma Capital Partners, said Bobby Beale, chief investment officer of LASERS. The mandate is understood to total $300 million, which is said to be funded via the liquidation of commitments to GAM and K2 Advisors.

GAM and K2 Advisors currently manage approximately $88 million and $236 million respectively. Pacific Alternative Asset Management Company is