ARMB approves $125m in commitments

The US public pension has backed three private equity vehicles.

Institution: Alaska Retirement Management Board
Headquarters: Juneau, United States
AUM: $33.55 billion
Allocation to alternatives: 30.68%

Alaska Retirement Management Board has confirmed $125 million-worth of commitments across three private equity funds, at its September 2021 board meeting.

The commitments comprised $25 million to Riverside Micro-Cap Fund VI and $50 million each to Summit Partners Growth Equity Fund XI and Clearlake Capital Partners VI.

ARMB has an 11 percent target allocation to private equity that currently stands at 13.51 percent.

As illustrated below, the $33.55 billion US public pension’s previous private equity commitments have targeted a variety of funds, mostly focused in North American vehicles for multiple sectors.

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