Metropolitan Government of Nashville (Tenn.) & Davidson County Employees Benefit Trust Fund may search for a 130/30 manager toward the end of the year, said Fadi BouSamra, assistant CIO of the $2.1 billion fund. The investment committee on Wednesday heard a presentation on the asset class by consultant Segal Advisors and decided to study it further before making a decision. The fund would allocate 4% of total assets if the committee decides to move forward, Mr. BouSamra said. He added that a source of funding has not been determined.
Separately, the funds investment committee approved two follow-on private equity investments at the meeting, $10 million to Pantheon VII for a total of $25 million, and $5 million to HarbourVest VIII, for a total of $30 million. Segal Advisors assisted.