Alaska Retirement Management Board, Juneau, committed $50 million to KKR Real Estate Partners Americas IV.
The board disclosed the commitment to the opportunistic real estate fund managed by KKR & Co. in a report from CIO Zachary Hanna, included with materials for its March 6-7 meeting.
The board previously committed $50 million to KKR Real Estate Partners Americas III in 2021.
The board oversees the management of $41.3 billion in defined benefit and defined contribution plan assets, including the $23.9 billion Public Employees' Retirement System and $11 billion Teachers' Retirement System.
The target allocation to real assets for the DB plans is 14%.
