Arkansas TRS Invest $230 to Alts

The Arkansas Teacher Retirement System has approved five commitments to alternatives totaling $230 million, according to materials from the June 3rd Board of Trustees Meeting.

In real assets, $50 million each was committed to each of Macquarie GIG Energy and Climate Opportunities Fund and KKR Global Infrastructure Investors V.

Within the real estate sleeve, $50 million was allocated to Kayne Anderson Real Estate Partners VII.

Additionally, two commitments were made to Franklin Park, $40 million to their Corporate Finance Access Fund III and $40 million to Franklin Park Venture Capital Opportunity Fund II.

Aon assisted with the recommendations. These commitments all represent existing relationships for ATRS.

As of March 31, 2024, the $22.3 billion pension fund allocates approximately 11.4% to real assets with a target of 15%, approximately 13.5% to private equity with a target of 12%, and 5% to Opportunistic/Alternative exposures with a target of 5%.

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