The Board of Trustees of the $62.2 billion Tennessee Consolidated Retirement System (TCRS) at it its Sept.29 meeting approved an allocation to an energy-focused credit strategy.
Up to $250 million will be committed to Houston-based Quantum Energy Partners’ Quantum Credit Opportunity Fund of One, a spokesperson for the fund confirmed.
The fund invests in U.S. oil and gas companies and energy companies that are transitioning away from fossil fuels. The allocation was folded into the Nashville-based system’s strategic lending portfolio, according to the spokesperson.
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