Tennessee Consolidated Retirement System, Nashville, made two new real estate commitments totaling $250 million.
The $70.6 billion pension fund's investment committee at its meeting Monday approved commitments of $150 million to global real estate fund Blackstone Real Estate Partners X and $100 million to value-added real estate fund EQT Exeter Industrial Value Fund VI, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the pension fund, in an email.
TCRS previously committed $150 million to Blackstone BioMed Life Sciences Real Estate in 2020 and $200 million to Exeter Core Industrial Club Fund IV in November.
As of Dec. 31, the pension fund's actual allocation to real estate was 9.5%; the target is 10%.
