Investors - APRIL 13, 2016

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Arkansas Teachers commits $20m to real estate

by Zoë Wolff

The $14.2 billion Arkansas Teacher Retirement System has committed $20 million to Metropolitan Real Estate Partners Secondaries & Co-Investments Program, according to a recently released transaction report.

The board approved the commitment in December 2015. Other investors in the fund include the Nebraska Investment Council.

The fund sponsor, Metropolitan Real Estate, is a subsidiary of The Carlyle Group. In February, Carlyle announced it had completed fundraising for Metropolitan Real Estate Partners Secondaries & Co-Investments Program at $550 million in commitments, exceeding its $450 million target.

The pension fund has a 10 percent target allocation to real estate and a 9 percent actual allocation to the asset class.

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