Tennessee Consolidated Retirement System, Nashville, committed a total of $190 million to four alternatives funds, confirmed Blake Fontenay, spokesman for David H. Lillard Jr., state treasurer.
The $33 billion pension fund committed $100 million to Advent International GPE VII, a midmarket buyout fund, $50 million to Oaktree Opportunities Fund IX, a distressed debt fund, and $20 million each to venture capital funds Khosla Ventures Seed B and Institutional Venture Partners XIV.
The pension fund has made several previous investments with Oaktree Capital Management and Khosla. These are its first commitments to Advent and Institutional Venture Partners.
Cambridge Associates assisted.