Tennessee Consolidated Retirement System makes up to $820m in commitments

The US public pension has backed several U.S. and Europe based private equity funds.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $49.70bn
Allocation to Alternatives: 16.61%
Bitesize: $50-200m

The Tennessee Consolidated Retirement System has agreed to commit up to $820 million to five private equity funds, according to a representative within the organization.

The commitments comprise of $200 million to Pathway Private Equity Co-Investment Separate Account, up to $200 million to TA XIII, up to $200 million to Advent International GPE IX, up to €150 million to Seventh Cinven Fund, and £40 million to Living bridge Enterprise 3.

The $49.70 billion US public pension has a 8.8 percent target allocation to private equity which currently stands at 7.96 percent.

As illustrated in the charts below, Tennessee Consolidated Retirement System has made several commitments to private equity funds with a 2018 vintage, which combined constitute $1 billion.

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