---
title: Tennessee CRS Allocates $150M to Blackstone Private Credit Fund
description: Tennessee CRS Allocates $150M to Blackstone Private Credit Fund.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/tanner-boriack-GmoaEH48m8c-unsplash.jpg
---

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# Tennessee CRS Allocates $150M to Blackstone Private Credit Fund

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/tanner-boriack-GmoaEH48m8c-unsplash.jpg)

The Tennessee Consolidated Retirement System (TCRS) has committed $150 million to the Blackstone Green Private Credit Fund III.

According to meeting minutes, the $150 million investment was approved at the August 25 Investment Committee meeting.

TCRS has previously invested in Fund II.

As of March 31, 2022, TCRS allocates approximately 8.8% to the Strategic Lending Portfolio compared to the 10% target allocation.

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