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