Institution: Arkansas Public Employees Retirement System
Headquarters: Little Rock, US
AUM: $11.6 billion
Allocation to alternatives: 12.29%
Arkansas Public Employees Retirement System has approved capital commitments worth $255 million across three private real estate vehicles, according to materials from the pension’s most recent investor committee meeting.
The Carlyle Group launched Carlyle Property Investors in September 2015, and has attracted more than $4 billion in investor capital for the fund.
Principal Enhanced Property Fund has been in the market since January 2004, and has attracted capital commitments of almost $3 billion.
Clarion Partners opened its industrial-focused open-ended vehicle back in December 2002, with more than $850 million committed to the fund according to PERE data.
APERS currently allocates 11.27% of its investment portfolio to private real estate, comprising more than $1.3 billion in capital.
As illustrated below, the $11.6 billion US public pension’s recent private real estate commitments have tended to target value-add or core/core-plus vehicles that invest in North America.
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