# Parochial Employees' Retirement System of Louisiana

Parochial Employees' Retirement System of Louisiana is a Pension Fund based in Baton Rouge, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Baton Rouge, United States
- **Region:** North America
- **Address:** 7905 Wrenwood Boulevard, Baton Rouge, LA 70809, United States
- **Founded:** 1953
- **Assets under management:** 5.278B (Altss estimate)
- **Website:** persla.org

## Regulatory record

- **Reports private funds:** No

## About

The Parochial Employees' Retirement System of Louisiana was established in 1953 by state statute. It delivers retirement allowances to eligible parish employees through its two plans. Kristi Garcia Spinosa serves as Administrative Director and General Counsel. R. Bruce Kelly chairs the Board of Trustees, which includes ex-officio members from the Louisiana Legislature and the Police Jury Association of Louisiana. The system maintains target allocations of 5 percent to private equity and deploys capital through limited partnership commitments and co-investments. Confirmed holdings include KKR North America Fund XIII, HarbourVest Partners vintages, Oaktree Real Estate Income Fund, and ArrowMark Credit Fund. Additional positions cover real estate vehicles such as JPMCB Strategic Property Fund and PRISA Real Estate. Geographic exposure centers on the United States with select commitments in Europe and global partnerships. Assets under management stand at $5.278 billion. The system maintains memberships in LAPERS and NASRA. It attended the NASRA Annual Conference in 2023 and participated as a speaker at the LAPERS Annual Conference in September 2024. Service providers include BNY Mellon as global custodian, NEPC as investment advisor since 2020, and Curran Actuarial Consulting as actuary. Governance rests with a board that incorporates legislative appointees and parish association representatives. This structure ties investment oversight directly to the statutory mandate serving Louisiana's civil parishes rather than a single sponsoring employer.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Timber

## People

- R. Bruce Kelly — Chairman of the Board of Trustees
- Kristi Garcia Spinosa — Administrative Director and General Counsel
- Chris Burke — Chief Investment Officer

## Questions

### Who runs investment decisions at Parochial Employees' Retirement System of Louisiana?

Chris Burke serves as Chief Investment Officer. The Board of Trustees, chaired by R. Bruce Kelly, sets overall policy with input from consultants NEPC and Aon.

### Does Parochial Employees' Retirement System of Louisiana participate in fund commitments or only direct deals?

The system commits to private equity and real estate funds as a limited partner. Holdings include KKR North America Fund XIII and Oaktree Real Estate Income Fund.

### What asset classes does Parochial Employees' Retirement System of Louisiana target?

Allocations cover public equities, fixed income, private equity at a 5 percent target, real estate, timber, and infrastructure. Current private equity exposure stands at 4.16 percent.

### Where does Parochial Employees' Retirement System of Louisiana source its investments?

Commitments flow through established managers including HarbourVest Partners, GoldPoint Partners, and ArrowMark Partners. The system also holds positions in Brandywine Global and T. Rowe Price fixed income mandates.

### How is Parochial Employees' Retirement System of Louisiana governed?

A Board of Trustees includes ex-officio members from the Louisiana House and Senate plus appointees from the Police Jury Association of Louisiana. Kristi Garcia Spinosa serves as Administrative Director and General Counsel.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/parochial-employees-retirement-system-of-louisiana

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