The Arkansas Teacher Retirement System (ATRS) has approved an investment of up to $50 million in Landmark Real Estate Partners IX, according to a meeting document from Dec. 6.
Landmark Partners has set a $3.5 billion fundraising target for Fund IX, which will invest in real estate secondary interests of value-added and opportunistic funds.
Connecticut-based Landmark pioneered the real estate secondary market with the first institutional real estate secondary market transaction, according to ATRS’ meeting document. The firm has one of the longest track records in the industry and is a source of liquidity to owners of interests in venture, mezzanine, buyout, and real estate limited partnerships.
Fund IX will seek to assemble a diverse, global portfolio of assets that span the real estate risk spectrum by acquiring interests in existing funds, partnerships and other structured
