Arkansas Public Employees backs Carlyle, Clarion and Principal open-ended funds

The $11.6 billion Arkansas Public Employees Retirement System (APERS) has approved new commitments to three open-ended, core-plus real estate funds, IREI has learned.

The pension fund has slated $85 million of funds each for Carlyle Property Investors Fund, managed by Carlyle Group; Clarion Lion Industrial Trust, managed by Clarion Partners; and Principal Enhanced Property Fund, managed by Principal Global Investors.

The investment strategy for Carlyle Property Investors Fund could not be discerned at the time of publication; however, the investment vehicle had secured more than $4 billion of capital as of April 2021, according to an SEC Filing.

Clarion Lion Industrial Trust seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. As of July 2021, the vehicle had