Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund committed $30 million to an alternatives fund and allocated an additional $25 million to a private debt strategy within its portfolio, said Fadi BouSamra, chief investment officer of the $3.6 billion pension fund, in an email.
At its meeting Thursday, the pension fund's investment committee approved a $30 million commitment to Greenspring Secondaries Fund V, a secondary private equity fund managed by Greenspring Associates. The pension fund has invested in previous funds in this series.
The investment committee also approved an additional $25 million allocation to a European lending strategy managed by Arcmont Asset Management. The plan had previously allocated $100 million to the strategy.
In addition, the investment committee approved restructuring its $100 million investment in a fixed-income separate account managed by MC Capital. Mr. BouSamra said the original mandate with MC was 100% to its core fixed-income strategy. Now, it will be 85% core, 15% opportunistic.
