LP Tearsheet

ASRS approves $300m commitment

The US public pension has backed an aircraft separate account.

By
Stephen Schultz
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Institution: Arizona State Retirement System
Headquarters: Phoenix, United States
AUM: $39.84bn
Allocation to Alternatives: 38.60%

Arizona State Retirement System committed $300 million to OZ ASRS Aviation Finance Fund. The separate account, which is managed by ASRS under a partnership with Och-Ziff Capital Management Group, will invest in aircraft leasing throughout North America.

The public pension has a 20% target allocation to private debt that currently stands and 17.30%.

As illustrated in the charts below, ASRS currently allocates 38.60% to alternative assets. The pension has a strong appetite for corporate debt funds that invest in debt throughout Europe.

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