Alaska Retirement Management Board, Juneau, disclosed four alternative commitments totaling $165 million in a report from CIO Zachary A. Hanna, included with June 17-18 board meeting materials.
The board committed $50 million each to Almanac Realty Securities IX, a value-added real estate fund managed by Almanac Realty Investors, and KKR Real Estate Partners Americas III, an opportunistic real estate fund managed by KKR & Co.; $40 million to growth equity fund Insight Partners XII and $25 million to buyout fund Genstar Capital Partners X, the report said.
The commitments closed March 15 to June 1, according to the report.
The board oversees the management of $41 billion in defined benefit and defined contribution plan assets, including the $23.5 billion Public Employees' Retirement System and $11 billion Teachers' Retirement System.
Alysia Jones, the board's liaison officer, was not available to provide further information.