News & Analysis

TCRS approves $250m commitment to Berkshire Bridge Loan Investors II-A

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

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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.

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