Investors - FEBRUARY 13, 2014

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Alaska Board commits $75m to real estate

by Andrea Waitrovich

The $24.8 billion Alaska Retirement Management Board has committed $75 million to KKR Real Estate Partners Americas, managed by KKR. The Townsend Group helped assist in the investment.

According to the Feb. 7 minutes, the commitment will help ARMB’s real estate portfolio, which is part of its real assets portfolio. 

Gary Bader, CIO, stated in the minutes that the “real assets portfolio have done pretty well, not so much because of real estate, but largely because … farmland and energy have been great performers.” ARMB’s farmland portfolio posted a return of 16.55 percent and its real estate portfolio posted a return of about 8.81 percent.

ARMB has an actual allocation to its real assets portfolio of 15.75 percent.


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