The Tennessee Consolidated Retirement System has committed up to $50 million to Denham Capital Fund VI, the $31 billion pension system announced in a statement. Advisor Cambridge Associates represented Tennessee on the commitment.
Tennessee maintains a relatively small private equity portfolio, having only received approval from the state’s General Assembly to invest in the asset class in 2008.
Tennessee commits $50m to Denham(3)
The $31bn retirement system is in the process of developing its private equity portfolio, with only 0.2% of its assets committed to the strategy on a 3% target.
