ARMB approves $100m in commitments

The US public pension fund has backed two private equity vehicles.

Institution: Alaska Retirement Management Board
Headquarters: Juneau, United States
AUM: $34.37 billion
Allocation to alternatives: 23.22%

Alaska Retirement Management Board has confirmed $100 million-worth of commitments across two private equity funds, according to its December 2021 quarterly board of trustees meeting document.

The commitments comprised $50 million each to Clearlake Capital Partners VII and Summit Partners Growth Equity Fund XI. The pension previously invested $50 million with Summit Partners and the fund now has a total commitment of $100 million from ARMB.

The pension has an 11 percent target allocation to private equity that currently stands at 14.34 percent.

As illustrated below, the $34.37 billion US public pension’s previous private equity commitments have targeted a variety of funds, mostly focused on multiple sectors globally.

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