Alaska Retirement Management Board, Juneau, completed two new commitments totaling $80 million.
The board's investment staff in July completed commitments of $40 million each to Glendon Opportunities Fund III, a credit and special situations fund managed by Glendon Capital Management, and middle-market buyout fund Sentinel Capital Partners VII, according to a report from CIO Zachary A. Hanna included with board materials for its upcoming meeting Thursday and Friday.
As of July 31, the actual allocation to private equity within the defined benefit assets overseen by the board was 16.5%.
The board oversees the management of a total of $40.4 billion in defined benefit and defined contribution plan assets, including the $23.4 billion Public Employees' Retirement System and $10.9 billion Teachers' Retirement System.
