Tennessee takes aim at 3 alternatives strategies
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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