Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, US
AUM: $55.94 billion
Allocation to alternatives: 16.6%
Tennessee Consolidated Retirement System approved $560 million of private equity commitments across three investment vehicles at its January 2021 investment committee meeting, a contact at the pension informed Buyouts.
As illustrated below, TCRS allocates 8.1 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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