Tennessee Consolidated Retirement System, Nashville, made three new commitments totaling $518 million, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the $55.2 billion pension fund.
Within private equity, the pension fund committed €225 million ($243 million) to BC European Capital XI, a European buyout fund managed by BC Partners, and $150 million to the General Catalyst Group X series of venture capital funds, managed by General Catalyst Partners.
The pension fund previously committed €200 million to BC European Capital X and $100 million to General Catalyst Group IX, both in 2016.
As of Dec. 31, the actual allocation to private equity was 6.8%.
Within its strategic lending portfolio, the pension fund committed $125 million to Arbour Lane Credit Opportunity Fund II, managed by Arbour Lane Capital Management.
As of Dec. 31, the actual allocation to the strategic lending portfolio was 6.4%.