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Arkansas Teachers pension picks five more PE, alternatives fund commitments totalling $210m

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The $16bn-managing Arkansas Teacher Retirement System has revealed $210m of new private equity commitments.

ATRS plans to invest up to $50m in each of Torchlight Debt Fund VII, Macquarie Infrastructure Partners V and CBRE Strategic Partners US Value 9, according to documents from its latest board meeting.

Another $30m each has been earmarked for LLR Equity Partners VI and Franklin Park Venture Capital Fund XIII.

Torchlight is looking to raise up to $1.5bn for its latest real estate debt fund, just below the $1.68bn it eventually collected for Fund VI last year.

Macquarie is eyeing up to $5bn for MIP V, the total it reached for the final close of Fund IV at the start of last year. It was initially hoping to raise $3.5bn for that vehicle.

CBRE Strategic Partners U.S. Value 9 is a value added real estate fund focused on institutional quality multifamily, office and retail properties in the US.

LLR is targeting up to $1.4bn for its sixth flagship fund, which will focus on small and mid-market companies in the technology and healthcare sectors, while Franklin Park Venture Capital Fund XIII is a VC fund of funds.

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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/arkansas-teachers-pension-picks-five-more-pe-alternatives-fund-commitments-totalling-210m.html

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