Arkansas Teacher Retirement System, Little Rock, approved real estate and private equity commitments totaling up to $220 million.
The $20 billion pension fund's board approved the commitments at its Dec. 4 meeting, said Rod Graves, deputy director.
Within real assets, the pension fund committed up to $50 million to KKR Real Estate Partners Americas IV, an opportunistic real estate fund managed by KKR & Co.
As of Sept. 30, the actual allocation to real assets was 12.9%; the target is 15%.
Within private equity, the pension fund committed up to $40 million to Franklin Park Venture Capital Fund XV, a private equity fund of funds managed by Franklin Park Associates: and up to $35 million each to Beekman Investment Partners V, a middle-market buyout fund managed by The Beekman Group, and Clearlake Capital Partners VIII, a middle-market special situations fund managed by Clearlake Capital Group.
The pension fund also made a follow-on commitment of $60 million to Franklin Park Co-Investment Fund VI. The pension fund originally committed $65 million in early 2023.
As of Sept. 30, the actual allocation to private equity was 14.5%; the target is 12%.
