Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, US
AUM: $53.56 billion
Allocation to alternatives: 16.4%
Tennessee Consolidated Retirement System approved $105 million-worth of private equity commitments across two investment vehicles at its September 2020 investment committee meeting, a contact at the pension informed Private Equity International.
As illustrated below, the pension allocates 7.4 percent of its full investment portfolio to private equity. Its recent private equity commitments have been mainly to venture capital and buyout funds focused on investments in North America and Europe.
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