Louisiana Sheriffs Pension & Relief Fund (LSPRF)

Louisiana Sheriffs Pension & Relief Fund (LSPRF)

LSPRF provides retirement and relief benefits to eligible sheriffs and deputy sheriffs across Louisiana. The fund is sponsored by the Louisiana Sheriffs' Association, which hosts elections for the Board of Trustees. The plan pools mandatory contributions from participating law-enforcement personnel and their employing agencies. Daily administration is managed from the fund's single office on Nicholson Drive in Baton Rouge under Executive Director Osey McGee, supported by Assistant Director Keith Duplechain. The fund's private-market strategy relies exclusively on external managers, with a pronounced tilt toward buyout funds. Its portfolio is constructed entirely through limited-partner commitments rather than direct investments or co-investments. Asset classes accessed through these commitments include private equity, real estate, and private credit, though specific allocations are not publicly segmented. The fund has been a reliable source of institutional capital for middle-market and large-cap buyout managers, but the board does not publicly disclose individual GP relationships or commitment sizes, and no direct-deal portfolio is maintained. The plan serves a narrow but defined base of active and retired law-enforcement participants statewide. The fund participates in the Louisiana Association of Public Employees' Retirement Systems, placing it within a network of peer public plans that share actuarial and investment-diligence practices. Governance flows through an elected board with the state sheriffs' association as its organizational anchor, a structure typical of Louisiana's occupational pension systems. No separate foundation, club-deal network, or operating-business subsidiary is associated with LSPRF. LSPRF's structural identity is that of a pure asset owner: a non-investment-staffed allocator that writes checks to outside GPs. This makes it structurally unlike a family office or hybrid institution. The board holds full fiduciary authority, and the fund's investment posture changes only with board composition and consultant recommendations. The plan's small professional headcount means investment diligence is heavily consultant-driven — a governance model shared by many mid-sized US public pensions but uncommon among private allocators of similar scale.