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ATRS approves $100m in commitments

The US public pension has backed two North American real estate vehicles.

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, United States
AUM: $20.23 billion
Allocation to alternatives: 23%

Arkansas Teacher Retirement System has confirmed commitments of $50 million each to Carlyle Realty Fund IX and GLP Capital Partners IV, according to materials from the pension’s June 2021 board meeting.

Carlyle Realty Fund IX is in market seeking $6 billion in investor capital. The vehicle has raised $925 million as of July 2021. GLP Capital Partners IV launched in June 2020 and has so far accumulated $750 million of its $2 billion capital target.

The $20.23 billion US public pension has a 10 percent target allocation to real estate that currently stands at 6.6 percent.

As illustrated below, ATRS’s recent real estate commitments have primarily focused on North American industrial vehicles targeting opportunistic equity and real estate debt strategies.

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