Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made new private equity and real estate commitments totaling $95 million, according to Fadi BouSamra, chief investment officer.
The $2.7 billion pension fund committed $30 million to Principal Real Estate Debt Fund, a real estate fund focused on senior and mezzanine debt managed by Principal Real Estate Investors. It is a first-time commitment to Principal Real Estate Investors.
Separately, the pension fund committed $30 million to LGT Crown Co-Investment Opportunities, a private equity fund managed by LGT Capital Partners; the pension fund previously committed $30 million to LGT Crown Europe Small Buyout Fund in August 2013.
Also, the pension fund committed $25 million to private equity fund Dyal Capital Partners II. It is the pension fund’s first commitment to a Dyal Capital fund.
The pension fund also committed $10 million to Greenspring Opportunities III, a private equity co-investment fund managed by Greenspring Associates. The pension fund previously committed $40 million to Greenspring Global Partners VI and $20 million to Greenspring Secondary Fund in February.