Investors - FEBRUARY 19, 2015

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Alaska commits $150m to real assets

by Reg Clodfelter

The Alaska Retirement Management Board, which manages $26.6 billion on behalf of the state of Alaska, has committed $150 million to real assets, divided between three managers, according to recently released board minutes.

NGP Energy Capital Management received a $50 million commitment for its NGP Natural Resources XI, an oil and gas fund that had a $5.3 billion final close in January. Specifically, the fund invests in oil and gas production, midstream and oilfield services companies, providing capital to “owner managers” to purchase existing oil and gas assets, reduce cost structures and increase volumes in order to create value, and will invest a majority of its capital in North America but will consider global investments if opportunities arise.

ARMB also committed $50 million to Clarion Ventures 4, a high-yield fund that ARMB chief investment officer Gary Bader believes will complement the retirement system’s core-heavy real estate portfo

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