Alaska Permanent Fund sets $1.1 billion in commitments, investments
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Alaska Permanent Fund Corp., Juneau, made $1.1 billion in commitments and investments in the quarter ended Dec. 31, a report for the $73.8 billion sovereign wealth fund s board meeting this week shows.
Within real estate, APFC committed $300 million to Clarion Gables Multifamily Trust, an open-end real estate fund managed by
Clarion Partners, and also committed $250 million to an associated co-investment vehicle with Clarion.
As of Dec. 31, the actual allocation to real estate was 6.6%; the target is 7%.
Within its private equity and special opportunities asset class, the sovereign wealth fund committed $75 million each to Centerbridge Capital Partners IV, a buyout fund managed by
Tennessee Consolidated allocates more than $800 million
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Tennessee Consolidated Retirement System, Nashville, made four new commitments totaling up to $810 million, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the pension fund.
The $55.9 billion fund committed up to $250 million to open-end core-plus real estate fund
Cortland Partners Growth and Income Fund; $200 million each to large-cap buyout fund
Hellman & Friedman Capital Partners X and private equity secondary fund
Whitehorse Liquidity Partners IV; and $160 million to buyout fund
Roark Capital Partners VI.
As of Sept. 30, the actual allocations to private equity and real estate were 8.1% and 7.2%, respectively.
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