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Metropolitan Employee Benefit System approves $20m commitment

The US public pension has backed a global co-investment fund.

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Institution: Metropolitan Government of Nashville and Davidson County Employees’ Benefit Trust Fund
Headquarters: Nashville, United States
AUM: $3.19bn
Allocation to alternatives: 31.34%
Bitesize: $10-50m

Metropolitan Government of Nashville and Davidson County Employees’ Benefit Trust Fund committed $20 million to Greenspring Opportunities VI. The fund will invest in companies within several sectors that include biotechnology, healthcare and life sciences.

The US public pension has a 12% target allocation to private equity that currently stands at 19.64%.

As illustrated in the charts below, Metropolitan Employee Benefit System currently allocates 31.34% to alternative assets. The pension has a diversified appetite for funds across multiple regions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.