Institution: Tacoma Employees’ Retirement System
Headquarters: Tacoma, US
AUM: $1.89 billion
Allocation to alternatives: 18.2%
Tacoma Employees’ Retirement System approved a $50 million commitment to Pantheon Global Infrastructure Fund IV at its June retirement board meeting, a contact at the pension informed Secondaries Investor.
The pension previously committed to the fund’s predecessor, Pantheon Global Infrastructure Fund III, which held its final close at $2.2 billion in March 2019, exceeding its $1.2 billion target.
As illustrated below, TERS’s recent commitments have been to funds focused on the infrastructure and private equity sectors. The pension’s chief investment officer is Timothy Allen.
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