Tennessee Consolidated Retirement System (TCRS) has made a $200m (€187.4m) commitment to Quantum Capital’s latest fund that targets sustainable energy assets by providing companies with growth capital.
The pension fund said it allocated the capital to Quantum Capital Solutions II, both directly through the fund and through a co-investment vehicle.
According to industry sources, the fund which is seeking to raise $2.25bn, had raised $739m as of the end of last year.
TCRS expects the fund to invest in a diversified pool of energy companies. This would include oil and gas and other energy assets that are upstream or mid-stream assets.
The fund targets assets via asset-based financing, preferred equity and secured and non-secured debt by providing public and private companies with growth capital.
In July last year, IPE Real Assets reported that Oregon Public Employees Retirement Fund had approved a $200m commitment to the fund.
To read the latest IPE Real Assets magazine click here.
