Arkansas Teacher Retirement System approves $30m commitment

The US public pension has backed Clearlake Capital's sixth series PE fund.

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, United States
AUM: $17.35bn
Allocation to alternatives: 24.20%
Bitesize: $10-50m

Arkansas Teacher Retirement System has agreed to commit $30 million to Clearlake Capital Partners VI, a contact at the pension informed Private Equity International. Clearlake’s sixth series fund makes opportunistic equity and debt investments in middle market companies undergoing change and/or are in under-served industries or markets in North America.

The $17.35 billion US public pension has a 12.0 percent target allocation to private equity that currently stands at 12.20 percent.

As illustrated below, ATRS has made seven commitments to private equity funds with a 2019 vintage, which combined constitute $210 million.

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