Alaska Retirement Management Board, Juneau, approved a commitment of up to $100 million to Crestline Direct Lending Fund IV, pending successful contract negotiations.
The board approved the commitment to the direct lending fund managed by Crestline Investors at its June 16 meeting, Alysia Jones, the board's liaison officer, confirmed by email.
ARMB previously approved a commitment of up to $100 million to Crestline Specialty Lending Fund III in March and also committed up to $60 million to Crestline Specialty Lending Fund II in 2017.
The board oversees the management of $38.6 billion in defined benefit and defined contribution plan assets, including the $22.1 billion Public Employees' Retirement System and $10.4 billion Teachers' Retirement System.
