Corrected March 11, 2010
Tennessee Consolidated Retirement System, Nashville, committed $50 million to Oaktree PPIP Private Fund, Lamar Villere, director of private equity, confirmed in an e-mail.
The move raises the $29 billion system's total commitment to five private equity funds to $225 million.
The system was granted legislative approval to invest in the asset class in 2008; its private equity target is 3% with a 5% limit.
Consultant Strategic Investment Solutions assisted.