TCRS approves $200m in commitments

The US public pension has backed two private equity vehicles managed by TA Associates.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, US
AUM: $60.63 billion
Allocation to alternatives: 16.6%

Tennessee Consolidated Retirement System agreed to commit a combined $200 million to TA Select Opportunities Fund II and TA XIV at its March 2021 investment committee meeting, a contact at the pension informed Private Equity International. Both funds are managed by TA Associates.

As illustrated below, TCRS allocates 8.5 percent of its full investment portfolio to private equity. The pension’s 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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