TCRS approves $150m commitment to Strategic Partners Fund 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 Strategic Partners Fund VIII. The secondaries fund is managed by Blackstone Strategic Partners.

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

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