Tennessee CRS Invests $170M With Bain, Divests Property

The Tennessee Consolidated Retirement System (TCRS) approved motions to commit $170M to a Bain Capital private equity fund and divest an apartment property from its real estate portfolio, according to recently published minutes from its July 31 investment committee meeting.

The TCRS investment committee approved a commitment of $170M to Bain Capital XIV, a growth fund strategy managed by Bain Capital. It also approved divesting an Englewood, CO, apartment complex from its real estate portfolio, citing a shift in investment thesis.

According to Dakota data, TCRS manages $71.9B in assets. 

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