ARMB approves $100m commitment

The US public pension has backed two real estate funds in its latest round of commitments.

Institution: Alaska Retirement Management Board
Headquarters: Juneau, United States
AUM: $32.17 billion
Allocation to alternatives: 22.29%

Alaska Retirement Management Board has approved $100 million-worth of commitments across two real estate vehicles, according to the pension’s June 2021 board meeting documents.

The commitments comprise $50 million to Almanac Realty Securities IX and $50 million to KKR Real Estate Partners Americas III.

ARMB’s real estate portfolio had a market value of approximately $1.5 billion as of April 2021, representing 4.56 percent of the pension’s investment portfolio.

As illustrated below, the pension’s recent fund commitments have primarily targeted North American investments across multiple sectors and strategies.

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