TCRS approves $150m commitment to ASF VIII

The US public pension has backed a Western Europe and North America focused fund.

Institution: Tennessee Consolidated Retirement System
Headquarters: Nashville, United States
AUM: $46.23bn
Allocation to alternatives: 16.61%

The Tennessee Consolidated Retirement System (TCRS) has agreed to commit $150 million to Ardian Secondary Fund VIII (ASF VIII), as reported in Secondaries Investor. The fund is managed by Ardian.

TCRS has made six commitments to funds on the secondaries market, which combined constitute $650 million.

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