Tennessee Consolidated Retirement System, Nashville, made five new commitments totaling $245 million, confirmed Blake Fontenay, spokesman for David H. Lillard Jr., state treasurer, who oversees the pension fund.
The $38.8 billion pension fund committed $75 million to private equity fund Axa Secondary Fund VI, managed by Ardian, the manager formerly known as AXA Private Equity.
The pension fund also committed £40 million ($65 million) to private equity fund Vitruvian Investment Partnership II, managed by Vitruvian Partners.
Also, the pension fund committed $60 million to Trident VI, a private equity fund focused on financial services managed by Stone Point Capital; $25 million to General Catalyst Group VII, a venture capital fund managed by General Catalyst Partners; and $20 million to venture capital fund Drive Capital Fund I.
All are first-time commitments.