ATRS approves $40m commitment

The US public pension has backed North American real estate debt fund.

Institution: Arkansas Teacher Retirement System
Headquarters: Little Rock, US
AUM: $16.66 billion
Allocation to alternatives: 32.30%

Arkansas Teacher Retirement System has agreed to commit $40 million to Mesa West Real Estate Income Fund V, a contact at the pension informed Private Debt Investor.

The $1 billion fund is targeting a levered 8-10 percent internal rate of return over an eight year term. The fund also targets traditional real estate investments including office, apartment, retail and industrial opportunities.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the retail, industrial, hospitality, office and residential sectors within the North America region.

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