TCRS approves $300m in commitments

The US public pension has backed a Multi Regional focused fund.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $46.23bn
Allocation to alternatives: 16.61%

Tennessee Consolidated Retirement System (TCRS) has agreed to commit $150 million to Ardian Secondary Fund VIII (ASF VIII) and $150 million to Strategic Partners Fund VIII, as reported in Secondaries Investor. These funds are managed by Ardian and Blackstone Strategic Partners respectively.

The $46.23 billion US public pension has an 8.80 percent target allocation to private equity that currently stands at 7.96 percent.

TCRS has made ten commitments to funds focused on private equity with a 2018 vintage, which combined constitute $1.20 billion.

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