Tennessee Consolidated Retirement System, Nashville, made new real estate and private equity commitments totaling $285 million, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the pension fund.
In real estate, the $66.2 billion pension fund committed $200 million to Exeter Core Industrial Club Fund IV, a core real estate fund managed by EQT Exeter.
The pension fund previously committed $100 million to Exeter Industrial Value Fund V in 2019.
As of June 30, the pension fund's real estate allocation was 8.9%.
In private equity, the pension fund committed $50 million to General Catalyst Group XI–Endurance, $20 million to General Catalyst Group XI–Ignition, and $15 million to General Catalyst Group XI–Creation, all venture capital funds managed by General Catalyst Partners.
TCRS previously committed $150 million in aggregate to the General Catalyst Group X series in 2020.
As of June 30, TCRS' actual allocation to private equity was 10.3%.
