ATRS confirms $90m in commitments

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, US
AUM: $19.46 billion
Allocation to alternatives: 24.4%

Arkansas Teacher Retirement System has confirmed $90 million-worth of commitments to three private equity funds, according to materials from the pension’s February 2021 board meeting.

The three commitments of $30 million apiece feature one new relationship for ATRS alongside two funds managed by Franklin Park, an existing manager. Greenbriar Equity Group’s Fund V represents a new manager offering for ATRS, with Franklin Park’s Corporate Finance Access Fund and International Fund X also receiving commitments.

ATRS’s commitments to the two Franklin Park funds represent a pair of re-ups. The pension had previously committed $60 million across two investments in the Corporate Finance Access Fund, alongside $30 million previously invested in International Fund X.

The $19.46 billion US public pension has a 12 percent target allocation to private equity which stood at 13.6 percent as of 31 December 2020.

As illustrated below, ATRS’s private equity commitments tend to target North America-focused vehicles pursuing buyout or fund of funds strategies.

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