Alaska Retirement Management Board, Juneau, committed $100 million to NB Secondary Opportunities Fund V.
The board's commitment to the secondary private equity fund managed by Neuberger Berman was disclosed in this week's board meeting materials.
The board previously committed $50 million to NB Secondary Opportunities Fund IV in 2017.
The board oversees the management of $35 billion in defined benefit and defined contribution plan assets, including the $19.9 billion Public Employees' Retirement System and $9.5 billion Teachers' Retirement System.
Alysia Jones, liaison officer, could not be immediately reached for further information.
