# Franklin Park Franklin Park is the private-equity consultant to the [[Arkansas Teacher Retirement System]] (ATRS), advising on alternative-asset manager selection (private equity, venture capital, private credit). Franklin Park's documented Board-packet work product on ATRS manager-commitment resolutions establishes the substantive consultant-recommendation-memo baseline against which the Israel Bonds engagement at Aon is compared. The April 7, 2025 ATRS Board packet contains substantive Franklin Park investment recommendation memos for three resolutions totaling approximately 40M EUR plus $80M: Resolution 2025-18 (MML Capital Partnership VIII), Resolution 2025-19 (Franklin Park Venture Capital Fund XV), and Resolution 2025-20 (Franklin Park Venture Capital Opportunity Fund II). The June 2, 2025 ATRS Board packet contains substantive Franklin Park investment recommendation memos for two additional resolutions: Resolution 2025-23 (Arlington Capital Partners VII, $40M) and Resolution 2025-24 (Great Hill Equity Partners IX, $40M). The Franklin Park memo pattern is the within-meeting comparator at [[T003 - Westrock-vs-Israel-Bonds Procedural Standard|T003]] and [[T004 - BP4 Section A5 Compliance on Israel Bonds|T004]]: the same 6/2 Board packet that contained the substantive Franklin Park memos on Resolutions 2025-23 and 2025-24 contained only an empty Kelly + Comstock memo header for the Israel Bonds attachment on Resolution 2025-22. The substantive Franklin Park recommendation memos document Board-packet best practice for consultant work product and are the dispositive within-meeting evidence against the licensure-scope framing of [[aon-hewitt|Aon Hewitt]]'s role on Israel Bonds. ## Cross-References [[Arkansas Teacher Retirement System]] consultant client [[aon-hewitt|Aon Hewitt]] companion general investment consultant [[atrs-bot-packets-7-3-25]] source page documenting the April 7 and June 2 packets [[independent-credit-analysis-gap]] [[westrock-procedural-asymmetry]] [[written-recommendation-requirement]] [[atrs-resolution-2025-22]] concept pages