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.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.