ATRS approves $75m in commitments

The US public pension has backed three North America-focused PE funds.

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, United States
AUM: $18.32bn
Allocation to alternatives: 29.50%
Bitesize: $10-50m

Arkansas Teacher Retirement System has confirmed $75 million-worth of private equity commitments to three vehicles, a contact at the pension informed Private Equity International.

The commitments comprise of $35 million to GCG Investors V and $20 million each to two Thoma Bravo funds: Fund XIV from the firm’s flagship series and Discover Fund III.

The $18.32 billion US public pension has a 12.0 percent target allocation to private equity that currently stands at 12.30 percent.

As illustrated below, ATRS has made five commitments to private equity funds with a 2020 vintage, which combined constitute $125 million.

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