Arkansas Teacher Retirement System, Little Rock, approved four new commitments totaling up to $140 million, said Rod Graves, deputy director, in an email.
The $21 billion pension fund's board at its Dec. 6 meeting approved commitments of up to $50 million to Landmark Real Estate Partners IX, a real estate secondary market fund managed by Landmark Partners; and up to $30 million each to Franklin Park International Fund XI and Franklin Park Venture Capital Opportunity Fund, L.P., venture capital funds of funds managed by Franklin Park Associates; and Riverside Value Fund I, a buyout fund managed by The Riverside Co.
The pension fund previously committed $25 million to Landmark Real Estate Partners VIII in 2017 and $30 million each to Franklin Park Venture Fund XIV and Franklin Park Corporate Finance Access Fund II earlier this year.
As of Sept. 30, the pension fund's actual allocations to private equity and real assets were 13.6% and 10.7%, respectively; their respective targets are 12% and 10.5%.
