Tennessee hires new head of PE

Daniel Crews has been tasked with increasing Tennessee’s overall private equity allocation from 1% to 3%. 

The Tennessee Consolidated Retirement System appointed Daniel Crews to take over the $40 billion retirement system’s private equity programme, according to a statement released Tuesday. Crews assumed the role in an interim capacity following the departure of former private equity chief Lamar Villere last year.

Crews had been a relatively recent addition to Tennessee’s private equity staff when he was asked to take over for Villere last year. Prior to being named Tennessee’s director of private equity, Crews worked as a portfolio manager for the retirement system’s equity allocation.

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