Arkansas Teacher Adds Sycamore Private Equity Fund

Jun 12 2012 | 11:23am ET

Private equity shop Sycamore Partners has $35 million more to play with, thanks to the Arkansas Teacher Retirement System.

The $11 billion public pension picked the strategy with the assistance of private equity consultant Franklin Park. Sycamore Partners Fund I is a small- and mid-cap retail turnaround fund, and Arkansas Teacher’s first investment with the firm.

Separately, the pension fired Knight Vinke Asset Management, which had run $50 million for it. But the termination, while performance-based, may be temporary: Executive director George Hopkins told Pensions & Investments it could re-up with the activist shop if the European market improves.


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