The Arkansas Teacher Retirement System will commit to three funds totaling up to $140 million, according to the meeting materials from the April 3 meeting.
Up to $50 million was allocated to the private credit fund, Chatham Asset Private Debt and Strategic Capital Fund IV, managed by Chatham Asset Management. In addition, up to $40 million was allocated to Prophet Mortgage Servicing Opportunities Fund.
Up to $50 million was allocated to Lone Star Real Estate Fund VII, managed by Lone Star Funds.
As of February 28, 2023, the retirement system was valued at approximately $20.3 billion.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!