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Firefighters' Retirement System of Louisiana
The Firefighters' Retirement System of Louisiana was established in 1980 to administer retirement benefits for the state's full-time firefighters.
Firefighters' Retirement System of Louisiana
The Firefighters' Retirement System of Louisiana was established in 1980 to administer retirement benefits for the state's full-time firefighters. Barbara Goodson acts as executive director while Perry Jeselink chairs the board of trustees. The fund maintains a standard public pension governance model with trustees drawn from the Professional Fire Fighters Association and Louisiana Fire Chiefs Association. Investment activity centers on a diversified mix that includes private equity commitments through vehicles such as HarbourVest Partners XI Buyout Fund and CCMP Capital Investors III. Real estate exposure covers direct projects in Arizona and Georgia plus fund positions with AEW Core Property Trust and Sentinel Real Estate Fund. Geographic reach stays concentrated in the United States with smaller allocations to global secondaries and international equity mandates. The system also holds timberland exposure via Timbervest Crossover Partners. The portfolio totals approximately $2.5 billion. Michael Becker oversees day-to-day investment decisions with support from consultant NEPC. In September 2024 the fund participated in the LAPERS Annual Seminar in New Orleans. Northern Trust serves as custodian and EisnerAmper LLP as auditor.
General information
Firm type
Pension Fund
Year founded
1980
AUM
$2.5 billion (Altss estimate)
Location
Region
North America
Country
United States
City
Baton Rouge
Corporate office
3100 Brentwood Drive, Baton Rouge, LA 70809, United States
Principals
Michael Becker
Chief Investment Officer
Barbara Goodson
Executive Director
Perry Jeselink
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Firefighters' Retirement System of Louisiana?
Michael Becker serves as chief investment officer and directs the portfolio. Barbara Goodson acts as executive director. The board of trustees, chaired by Perry Jeselink, sets policy.
Does Firefighters' Retirement System of Louisiana participate in fund commitments or only direct deals?
The system makes commitments to private equity and real estate funds. It also holds direct real estate assets through limited liability companies such as FRS-LB.
What asset classes does Firefighters' Retirement System of Louisiana target?
Allocations include public equities, core fixed income, private equity, real estate, and timberland. Target ranges appear in annual reports for each class.
Where does Firefighters' Retirement System of Louisiana invest geographically?
The majority of holdings sit in the United States. Smaller portions reach global equity and real assets markets.
How is Firefighters' Retirement System of Louisiana governed?
Trustees are elected by firefighter associations and appointed by state entities. The board meets monthly to review performance and budgets.
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