Tennessee Consolidated Retirement System (TCRS) has approved a $150m (€127.9m) commitment to a US life science-related property fund managed by Blackstone.
The pension fund said it is backing the Blackstone BioMed Life Science Real Estate, but declined to give further details of the fund.
Blackstone declined a request for comment.
Tennessee said it has also approved a $100m commitment to Cortland Enhanced Value Fund V, a value-add US apartment fund, and has placed $10m directly into the AEW Senior Housing Investors IV fund and $50m as co-investment into a portfolio held by the senior housing fund.
SEC filing published last month showed that Cortland Enhanced Value Fund V, which is raising $650m, has raised $307m from unnamed backers.
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