TCRS approves $250m commitment

The US public pension has backed a private real estate debt vehicle managed by Berkshire Residential Investments.

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

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

As illustrated below, TCRS’s recent private debt commitments have been primarily to global vehicles focused on the corporate sector.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.