TCRS approves $100m commitment

The US public pension has made an additional commitment to the open ended real estate fund.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $60.63 billion
Allocation to alternatives: 17.1%

Tennessee Consolidated Retirement System approved a $100 million additional commitment to Cortland Growth & Income (Open Ended) at its June 2021 investment committee meeting, a contact at the pension informed PERE.

The $60.63 billion US public pension previously committed $250 million to the open ended fund managed by Cortland.

As illustrated below, TCRS’s private real estate commitments have been primarily to North American vehicles employing a variety of strategies. The pension has a 10 percent target allocation to real estate that currently stands at 8.6 percent.

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