Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund approved two new commitments totaling $30 million, Chief Investment Officer Fadi BouSamra said in an email.
The $3.2 billion pension fund committed $20 million to AG Realty Value Fund X, a value-added real estate fund managed by Angelo, Gordon & Co., and $10 million to Greenspring Growth Equity V, a venture capital fund managed by Greenspring Associates.
The pension fund previously committed $40 million AG Core Plus Realty Fund IV in 2014 and $40 million to Greenspring Global Partners IX earlier this year.
As of June 30, the actual allocations to private equity and real assets were 16.9% and 10.8%, respectively. The targets are 12% each.
