TERS approves $50m commitment

The US public pension has re-upped with Pantheon.

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Institution: Tacoma Employees’ Retirement System
Headquarters: Tacoma, United States
AUM: $1.89 billion
Allocation to alternatives: 18.2%

Tacoma Employees’ Retirement System approved a $50 million commitment to Pantheon Global Infrastructure Fund IV at its June 2021 retirement board meeting, a contact at the pension informed Infrastructure Investor.

The pension previously committed to the fund’s predecessor, Pantheon Global Infrastructure Fund III, which held a final close at $2.2 billion in March 2019, exceeding its target by $1 billion.

As illustrated below, TERS currently allocates 5.2 percent of its investment portfolio to real assets that includes infrastructure. The pension’s recent commitments have been to funds making global investments.

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