Tennessee Consolidated Retirement System, Nashville, approved approximately $196 million total in private equity commitments, said Shelli King, spokeswoman for David H. Lillard Jr., state treasurer who oversees the pension fund, in an email.
The $44.4 billion pension fund committed $100 million to buyout fund Bain Capital Fund XII; $40 million to early-stage venture capital fund Canaan Equity XI, run by Canaan Management; and €50 million ($56 million) to BC Partners' BC European Capital X TCRS Co-Investment Fund.
The pension fund has previously invested with all three managers.
