Tennessee Consolidated Retirement System, Nashville, made three new commitments totaling up to $425 million, said Shelli King, spokeswoman for state Treasurer David H. Lillard Jr., who oversees the pension fund.
Within strategic lending, the $55.9 billion pension fund committed up to $200 million to Berkshire Multifamily Debt Fund III, a real estate debt fund managed by Berkshire Group.
In real estate, the pension fund committed $125 million to Pretium Single-Family Rental Fund III, managed by Pretium Partners. The commitment also includes the election to participate in the fund's dividend reinvestment plan, Ms. King said.
In private equity, the pension fund committed $100 million to special situations fund Peak Rock Capital Fund III.
As of Sept. 30, the system's actual allocations to real estate, private equity and strategic lending were 8.5%, 8.1% and 7.2%, respectively.
