TCRS approves $250m commitment

The Nashville-based public pension has re-upped with Berkshire Residential Investments.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, US
AUM: $66.11 billion
Allocation to alternatives: 26.6%

Tennessee Consolidated Retirement System committed $250 million to Berkshire Bridge Loan Investors II-A at its December 2021 investment committee meeting, a contact at the pension informed PERE. 

The pension has an existing relationship with fund manager Berkshire Residential Investments.

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 8.9 percent.

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