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Louisiana Teachers assigns $1.4 billion to emerging markets equities


Louisiana Teachers assigns $1.4 billion to emerging markets equities
Pension fund also rehires Aon as consultant, slates $175 million for alts
Franklin Templeton and
William Blair & Co. to manage about $700 million each in active emerging markets equities, said Dana T. Brown, director of public markets.
The $24.5 billion pension fund issued a solicitation for proposals in February due to the pending expiration of the contracts of value equity manager Dimensional Fund Advisors and growth manager Harding Loevner.
Both managers rebid for the services. Franklin Templeton will manage a value portfolio, and William Blair will run a growth portfolio.
Growth manager Columbia Threadneedle Investments and value manager Wells Fargo Asset Management were the other finalists. ....

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Audax accumulates $1.9 billion with latest mezzanine debt fund


Audax accumulates $1.9 billion with latest mezzanine debt fund
Audax Group closed its latest mezzanine debt fund, Audax Mezzanine Fund V, at $1.85 billion.
The closing well exceeded its original fundraising target of $1.5 billion, a news release said Thursday.
The previous fund, Audax Mezzanine Fund IV, closed at its hard cap of $1.2 billion in 2016, above its fundraising target of $1 billion. Audax Mezzanine Fund III closed at $1 billion in 2011.
The fund will source junior debt investments in North American private equity sponsor-backed companies, according to the news release.
A spokesman could not be immediately reached for further information.
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