Alaska Retirement Management Board, Juneau, committed $40 million to Insight Partners Fund XIII.
The board disclosed the commitment to the growth equity fund in a report from CIO Zachary Hanna, included with materials for its June 12-13 meeting.
ARMB previously committed $40 million to Insight Partners XII in 2021.
The board oversees the management of $41.5 billion in defined benefit and defined contribution plan assets, including the $24 billion Public Employees' Retirement System and $11 billion Teachers' Retirement System.
The target allocation to private equity for the DB plans is 14%.
