TCRS approves $645m in commitments

The US public pension has backed North America-focused funds.

Tennessee Consolidated Retirement System committed $160 million to buyout fund Roark Capital Partners V, $10 million to Roark Capital Partners II Sidecar, up to $150 million to H.I.G. WhiteHorse Direct Lending Fund ($300 million maximum allocation), $125 million to ICG North American Private Debt Fund II, and $100 million each to General Catalyst Group IX and H.I.G. Advantage Buyout Fund.

The $46 billion US public pension has a 7 percent target allocation to private equity that currently stands at 3.8 percent.

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