Arkansas Public Employees Retirement System (APERS) has approved $85m (€73.4m) each into core-plus open-ended real estate funds managed by Carlyle, Principal and Clarion Partners.
The pension fund disclosed in a meeting document that it has committed the capital to the Carlyle Property Investors, Principal Enhanced Property Fund and Clarion Lion Industrial Trust funds.
The Carlyle fund, which targets student/senior housing, life science, medical office and self-storage assets, has a net asset value of $10.5bn.
The Enhanced Property Fund mainly targets office, industrial, apartments and retail.
The Lion Industrial Trust, a $26bn fund, acquires or develops industrial assets in the US.
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