Alaska Retirement Management Board, Juneau, committed $50 million to The Resolute Fund VI.
The board's investment staff completed the commitment to the middle-market buyout fund managed by The Jordan Co. in July, according to a report from CIO Zachary Hanna included with board materials for its upcoming Sept 14-15 meeting.
The board previously committed $10 million to The Resolute Fund V in 2021.
The board oversees the management of a total of $41.2 billion in defined benefit and defined contribution plan assets, including the $23.8 billion Public Employees' Retirement System and $11 billion Teachers' Retirement System.
