Tennessee Consolidated Retirement System, Nashville, approved three new private equity commitments totaling $190 million.
The $63.6 billion pension fund's investment committee approved commitments of $120 million to buyout fund FS Equity Partners IX and $60 million and $10 million, respectively, to oil and gas funds Quantum Energy Partners VIII and Quantum Energy Partners VIII Co-Investment Fund at its June 23 meeting, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the pension fund, in an email.
TCRS previously committed up to $150 million directly and $15 million in co-investments to Quantum Energy Partners VII in 2017. FS Equity Partners is a new manager for the pension fund.
As of March 31, the pension fund's actual allocation to private equity was 13.4%; the target is 10%.