The Arkansas Teacher Retirement System (ATRS) has committed $50 million to Long Wharf Real Estate Partners VII, a vehicle managed by Long Wharf Capital. This commitment was made on Dec. 2, according to meeting materials.
Long Wharf Real Estate Partners VII is a closed-end, value-added fund. With a target equity fundraising goal of $500 million, this fund is looking to invest in office, industrial, multifamily and retail assets in the United States. As the seventh fund in its series, it follows Long Wharf Real Estate Partners VI, which closed with $504.5 million, at $4.5 million over its fundraising goal.
ATRS is a public pension fund that provides retirement benefits to Arkansas’ public school and education employees. ATRS has $22.9 million in total assets, with a 15 percent target allocation to real assets. As of Sept. 30, it has allocated $2.7 million, or 11.74 percent, to real assets.
