Alaska Retirement Management Board, Juneau, committed $50 million to Clearlake Capital Partners VIII.
The board disclosed the commitment to the private equity special situations and value fund managed by Clearlake Capital Group in a report from CIO Zachary A. Hanna, included with materials for its upcoming Dec. 7-8 meeting.
ARMB previously committed $50 million to Clearlake Capital Partners VII in 2021.
The board oversees the management of $38.3 billion in defined benefit and defined contribution plan assets, including the $22.2 billion Public Employees' Retirement System and $10.2 billion Teachers' Retirement System.
The target allocation to private equity for all the DB plans is 14%.
