# Shelby County Tennessee Retirement System

Shelby County Tennessee Retirement System is a Pension Fund based in Memphis, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Memphis, United States
- **Region:** North America
- **Address:** 1075 Mullins Station W2 Building - 2nd Floor, Memphis, TN 38103, United States
- **Founded:** 1819
- **Assets under management:** 1.373B (Altss estimate)
- **Website:** shelbycountytn.gov
- **LinkedIn:** https://www.linkedin.com/company/shelbycountygovernment

## Regulatory record

- **Reports private funds:** No

## About

The Shelby County Tennessee Retirement System was established to manage retirement benefits for Shelby County Government employees. Lee Harris serves as board chairman while Jesse Turner Jr. handles investment management and Audrey Tipton directs administration and finance. The system maintains a balanced allocation across asset classes. Public equity holdings total $620 million split between domestic and international portfolios. Fixed income stands at $234 million. Hedge fund exposure reaches $194 million. Real assets, including two core open-end real estate funds, total $311 million. Private equity commitments include positions in Notion Capital, SSM Partners, Hastings Equity Partners, Pharos Capital Group, and Congruent Investment Partners. Geographic reach covers the United States and Europe through funds such as Harbert European Real Estate Fund III. The system employs Wilshire Advisors as investment consultant and Cavanaugh Macdonald Consulting as actuary. It maintains membership in NCPERS. In February 2026 the Retirement Board reviewed an international equity search and private market investments. Additional service providers include Watkins Uiberall as external auditor and BNY Mellon as custodian. The system operates as a public pension with direct oversight from Shelby County Government. Investment decisions flow through the Retirement Board rather than an external CIO structure. This governance ties asset allocation directly to fiduciary duties under county sponsorship.

## Sectors

- Private Equity
- Real Estate
- Hedge Funds
- Public Equity
- Fixed Income

## People

- Lee Harris — Chairman of the Retirement Board
- Jesse Turner Jr. — Investment Manager
- Audrey Tipton — Director of Administration and Finance

## Questions

### Who runs investment decisions at Shelby County Tennessee Retirement System?

Lee Harris chairs the Retirement Board. Jesse Turner Jr. serves as Investment Manager. The board approves allocations and manager selections.

### Does Shelby County Tennessee Retirement System participate in fund commitments or only direct deals?

The system commits to funds. Holdings include Clarion Lion Properties Fund, Heitman America Real Estate Trust, and multiple private equity funds from Partners Group and Wilshire Advisors.

### What asset classes does Shelby County Tennessee Retirement System target?

Targets include public equity, fixed income, hedge funds, real estate, and private equity. Current private equity allocation is 6.77 percent against an 8 percent target.

### Where does Shelby County Tennessee Retirement System invest geographically?

Investments span the United States and Europe. Real estate exposure includes mixed-use properties in the US and Harbert European Real Estate Fund III.

### How is Shelby County Tennessee Retirement System related to Shelby County Government?

Shelby County Government sponsors the retirement system. Lee Harris, County Mayor, chairs the Retirement Board.

### Does Shelby County Tennessee Retirement System maintain external advisors?

Wilshire Advisors acts as investment advisor. Cavanaugh Macdonald Consulting serves as actuary. Watkins Uiberall performs external audits.

### What investment stages appear in Shelby County Tennessee Retirement System private equity holdings?

Holdings include growth equity through SSM Partners and venture capital through Notion Capital. Additional commitments cover established private equity managers.

## Related profiles

- [Dalio Foundation](https://altss.com/profile/dalio-foundation)
- [ENPAV](https://altss.com/profile/enpav)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/shelby-county-tennessee-retirement-system

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