Alaska Retirement Management Board, Juneau, disclosed real estate debt and private equity commitments totaling $200 million.
The board disclosed commitments of $75 million each to real estate debt fund Heitman Real Estate Debt Partners III and Walton Street Real Estate Debt Core Fund, a value-added real estate debt fund managed by Walton Street Capital, and $50 million to growth equity fund Summit Partners Growth Equity Fund XII in a report from CIO Zachary Hanna, included with materials for its Dec. 3-4 meeting.
Heitman and Walton Street are new managers for the board. The board previously committed $50 million to Summit Partners Growth Equity Fund XI in 2021.
The board oversees the management of $43.8 billion in defined benefit and defined contribution plan assets, including the $25.4 billion Public Employees' Retirement System and $11.6 billion Teachers' Retirement System.
