Tennessee Consolidated Retirement System, Nashville, committed $40 million each to Oaktree Opportunities funds VIII and VIIIb, confirmed Lamar Villere, director of private equity for the $29.8 billion system.
TCRS has a private equity target of 3%, or about $890 million in current fund dollars, and a cap of 5%. Mr. Villere said about $300 million of that amount has been committed.
For this year, Mr. Villere said the fund's staff set a rough target for private equity investment of about $300 million. As of May 1, $130 million had been committed.
Consultant Strategic Investment Solutions assisted.