ATRS approves $35m commitment

The US public pension has backed a mezzanine debt vehicle.

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, United States
AUM: $18.32bn
Allocation to alternatives: 29.50%
Bitesize: $10-50m

Arkansas Teacher Retirement System has agreed to commit $35 million to GCG Investors V, a contact at the pension informed Private Debt Investor.

Greyrock Capital Group’s vehicle focuses on both debt and equity investments in small to lower-middle North American companies.

As illustrated below, ATRS has made five commitments to private debt funds with vintage years of between 2017 and 2020, which combined constitute $200 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.