Arkansas Teacher Retirement System, Little Rock, agreed to commit $150 million to three private equity funds, confirmed Rod Graves, deputy director of the $20.7 billion pension fund, in an email.
At its June 7 meeting, the board voted to commit up to $50 million apiece to KKR Diversified Core Infrastructure Fund, an open-end infrastructure fund managed by KKR & Co.; Carlyle Realty Partners IX, an opportunistic real estate fund managed by Carlyle Group; and GLP Capital Partners IV, a value-added open-end real estate fund, specializing in distribution and logistics companies with imminent need.
Franklin Park, the retirement system's private equity consultant, recommended a commitment of up to $30 million to Kerberos Capital Fund III, a debt fund focused on the litigation finance market with imminent need, but the board deferred on making a decision on the commitment.
