Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made new and follow-on alternative fund commitments totaling up to $245 million.
In its alternative fixed-income asset class, the $3.4 billion pension fund committed $100 million to PIMCO Tactical Opportunities Fund and made a follow-on commitment of $20 million to PIMCO Corporate Opportunities Fund III, a corporate distressed credit fund, both managed by Pacific Investment Management Co.
The pension fund also made a follow-on commitment of $25 million to Anchorage Illiquid Opportunities VII, a global opportunistic credit fund managed by Anchorage Capital Group.
The pension fund originally committed up to $20 million to PIMCO Corporate Opportunities Fund III and up to $15 million Anchorage Illiquid Opportunities VII.
As of Dec. 31, the actual allocation to alternative fixed income was 19.8%.
In private equity, the pension fund committed up to $40 million each to Axiom Asia VI, a private equity fund of funds managed by Axiom Asia Private Capital, and Greenspring Global Partners X, a venture capital fund of funds managed by Greenspring Associates.
The pension fund previously committed $25 million to Axiom Asia V and $40 million to Greenspring Global Partners IX.
As of Dec. 31, the actual allocation to private equity was 20.9%.
In real assets, the pension fund committed up to $20 million to Stonelake Opportunity Partners VI, an opportunistic real estate fund managed by Stonelake Capital Partners.
The pension fund previously committed up to $27 million to Stonelake Opportunity Partners IV.
As of Dec. 31, the actual allocation to real assets was 10.9%.