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Arkansas Teachers commits $50m to KKR real estate fund
Investors - DECEMBER 19, 2023

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Arkansas Teachers commits $50m to KKR real estate fund

by Lewis Dayton

The Arkansas Teacher Retirement System (ARTRS) has committed $50 million to KKR Real Estate Partners Americas (KKR REPA) IV.

KKR REPA IV is managed by KKR and is seeking to raise $4 billion to invest opportunistically in diversified real estate opportunities in the United States.

ARTRS has invested in other funds managed by KKR, including a $25 million and a $50 million commitment to KKR Diversified Core Infrastructure Fund in 2022 and 2021, respectively, and a $50 million commitment to KKR Global Infrastructure Investors II in 2014. This is ARTRS’s first investment in a KKR real estate fund, according to IREI.Q.

As of Sept. 30, 7.6 percent ($1.52 billion) of ARTRS’s $20 billion portfolio was allocated toward real estate, below ARTRS’s 10 percent target allocation for the asset class.

For more information about this commitment or other funds, please visit our IREI.Q database.

 

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