The Alaska Retirement Management Board has made two commitments in private equity and private credit funds, as disclosed in meeting materials from the September 15 board meeting.
$40 million was committed to private equity fund, Sentinel Capital Partners VII. Sentinel Capital Partners is based out of New York and focuses on lower mid-market businesses in four sectors including business services, consumer, healthcare services, and industrials.
In addition, $40 million was committed to distressed credit fund, Glendon Opportunities Fund III. Fund III is managed by Glendon Capital Management based out of Santa Monica, California.
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