TCRS approves $125m commitment

The Nashville-based public pension has re-upped with Harvest Partners.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $62.45 billion
Allocation to alternatives: 26.2%

Tennessee Consolidated Retirement System approved a $125 million commitment to Harvest Partners IX at its September 2021 investment committee meeting, a contact at the pension informed Private Equity International.

The pension previously committed $125 million to the vehicle’s predecessor, Harvest Partners VIII, which held a final close at $4.03 billion in December 2019, exceeding its target of $3.25 billion.

As illustrated below, TCRS allocates 9.8 percent of its full investment portfolio to private equity. The pension’s recent private equity commitments have been to global vehicles employing a variety of strategies.

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