Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made two new commitments totaling up to $60 million, said Fadi BouSamra, chief investment officer, in an e-mail.
The $2.8 billion pension fund committed up to $50 million to Michaelson Multifamily Fund, a closed-end, value-added real estate fund managed by Michaelson Real Estate Group. This is the pension fund’s first commitment to the manager, Mr. BouSamra said.
The pension fund also committed up to $10 million to LGT Crown Europe Small Buyouts IV, a private equity fund managed by LGT Capital Partners. The pension fund previously committed $30 million to LGT Crown Co-Investment Opportunities in May 2014.
