Arkansas Teacher Retirement System, Little Rock, committed up to $110 million to 3 alternative investment funds, Deputy Director Rod Graves said in an email.
At its Monday meeting, the board for the $16.1 billion pension plan committed up to $50 million to AxInfra NA II, an open-end infrastructure fund managed by Axium Infrastructure specializing in U.S. and Canadian energy and transportation assets.
The board also committed up to $30 million dollars in Clearlake Capital Partners VI, a private equity fund managed by Clearlake Capital Group that makes opportunistic debt and equity investments in middle-market companies in North America undergoing change and/or are in underserved markets.
The retirement system's board also agreed to commit an additional to $30 million to Aeolus Property Catastrophe Keystone PF Fund, an opportunistic reinsurance fund specializing in property catastrophe insurance coverage run by Aeolus Reinsurance. The board previously agreed to commit $110 million to the fund in October 2015, $37 million in April 2016, $110 million in November 2017 and $70 million in December.
The system had an allocation of 11.9% to real assets and 11.8% to private equity.
