Arkansas Local Police and Fire Retirement System Commits $55M to Alternatives

The Arkansas Local Police and Fire Retirement System (LOPFI) has made commitments totaling up to $55 million across two alternative funds. 

Private Equity

According to the June 9, 2022 meeting minutes, the Board committed $30 million to Silver Lake Partners VII. The buyout fund primarily targets North American investment opportunities. 

The $3.2 billion Retirement fund allocates 5.8% to private equity with a target allocation of 10% as of December 31, 2021. 

Real Estate

Additionally, the board committed $25 million to the real opportunistic real estate fund KKR Property Partners Americas.

As of  as of December 31, 2021, Retirement System allocates 1% to real estate with a target allocation of 5%

Larry Middleton of Stephens Inc, serves as the pension fund’s investment consultant.

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