CONTRACTAPPROVED

Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana Awards Financial Services Contract to Harbourvest Partners LLC (October 2025)

Teachers  Retirement System of Louisiana Board of Trustees | State of Louisiana logoTeachers Retirement System of Louisiana Board of Trustees | State of Louisiana
Disclosed value
Approximately $400 million per year over three years; total commitment not to exceed $1.2 billion
From minutes
Approved
Oct 2, 2025
Term
Three years

The 30-second brief

What it covers

The TRSL Investment Committee approved retaining HarbourVest Partners as co-investment manager. It authorized an additional commitment of approximately $400 million annually for three years, capped at $1.2 billion, subject to fee and contract negotiations.

Who holds it

Harbourvest Partners LLC holds this financial services contract with Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana. Its other public contracts on record include work for MassHousing Retirement Board | Commonwealth of Massachusetts and PA-State-Public School Employees Retirement System.

What happens next

Term as filed: Three years.

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Contract details

Contract type
Financial Services
Amount
Approximately $400 million per year over three years; total commitment not to exceed $1.2 billion
Document date
October 2, 2025
Term
Three years
Source document
Teachers' Retirement System of Louisiana Minutes Board of Trustees and Committees 2025-10-02 (Minutes)

Harbourvest Partners LLC's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana?

Harbourvest Partners LLC was awarded this financial services contract by Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana, as recorded on October 2, 2025. The contract value is Approximately $400 million per year over three years; total commitment not to exceed $1.2 billion.

How much is the Harbourvest Partners LLC contract with Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana worth?

The Harbourvest Partners LLC contract with Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana is valued at Approximately $400 million per year over three years; total commitment not to exceed $1.2 billion, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Teachers' Retirement System of Louisiana Minutes Board of Trustees and Committees 2025-10-02 (Minutes), dated October 2, 2025 from Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Harbourvest Partners LLC hold?

Harbourvest Partners LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana currently buying?

Explore Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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