Alaska Retirement Management Board, Juneau, committed $50 million to Nautic Partners XI.
The board disclosed the June 6 commitment to the middle-market buyout fund in a report from CIO Zachary Hanna, included with materials for its Sept. 18-19 meeting.
It is the board’s first commitment to a Nautic Partners fund.
Additionally, Hanna disclosed in his report a July 27 follow-on commitment of $100 million to Ares Pathfinder Core Fund, an evergreen private credit fund managed by Ares Management. ARMB originally committed $100 million to the fund in February 2023.
The board oversees the management of $43.7 billion in defined benefit and defined contribution plan assets, including the $25.3 billion Public Employees' Retirement System and $11.6 billion Teachers' Retirement System.
