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Tennessee Consolidated Retirement System
Tennessee Consolidated Retirement System (TCRS) forms the defined benefit plan component of RetireReadyTN. TCRS provides lifetime retirement survivor and...
Tennessee Consolidated Retirement System
Tennessee Consolidated Retirement System (TCRS) forms the defined benefit plan component of RetireReadyTN. TCRS provides lifetime retirement survivor and disability benefits for employees and their beneficiaries. The Tennessee Department of Treasury oversees TCRS which ranks as one of the strongest and best-managed pension funds in the United States.
General information
Firm type
Pension Fund
Year founded
1972
Location
Region
North America
Country
United States
City
Nashville
Corporate office
Andrew Jackson Building, 15th Floor, 502 Deaderick Street, Nashville, TN 37243-0201, United States
Principals
David H. Lillard, Jr.
State Treasurer and Chair of the Board of Trustees
Altss tracks 3 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Tennessee Consolidated Retirement System?
David H. Lillard, Jr. chairs the Board of Trustees. Michael Brakebill serves as Chief Investment Officer. Daniel Crews directs private equity. The board and investment committee approve commitments at quarterly meetings.
Does Tennessee Consolidated Retirement System participate in fund commitments or only direct deals?
TCRS makes fund commitments to vehicles such as Advent International GPE XI and Bain Capital XIV LP. It also executes direct real estate acquisitions through separate accounts with JP Morgan Asset Management.
What investment stages does Tennessee Consolidated Retirement System typically target?
The system targets buyout, growth, and venture strategies through limited partnership interests. It maintains a 13.9 percent allocation to private equity with a 10 percent target.
Which sectors does Tennessee Consolidated Retirement System explicitly avoid?
No explicit avoidance list appears in public records. Holdings span energy, technology, real estate, and financial services.
How is Tennessee Consolidated Retirement System related to the Tennessee Department of Treasury?
The Tennessee Department of Treasury oversees TCRS operations and investment activities. The State Treasurer serves as board chair.
Does Tennessee Consolidated Retirement System maintain philanthropic structures?
TCRS holds an advisory role on the Fisk University Stieglitz Collection Art Endowment Fund. It also supports the Chairs of Excellence Trust and Tennessee Promise Scholarship Endowment through treasury-managed vehicles.
What is Tennessee Consolidated Retirement System's known posture on co-investments alongside external GPs?
TCRS participates in co-investment structures such as the Pathway/TCRS Strategic Lending Co-Investment. It also holds direct real estate assets alongside fund commitments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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