Teachers' Retirement System of Louisiana (TRSL) provides benefits and solutions for retirement, disability, and death to the employees of state educational systems. As a limited partner, Teachers' Retirement System of Louisiana is a public pension fund with $9.5 billion in assets under management. The fund engages in the following alternative investment strategies: buyouts/corporate finance, international private equity, mezzanine, real estate, and venture capital. It has a net internal rate of return target of 10.6%. The fund allocates 9% to 17% of its total assets to alternative investments. Teachers' Retirement System of Louisiana was founded in August 1936 and is based in Baton Rouge, Louisiana.