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Investors in the recently closed Berkshire Fund VIII

by Hannah Edwards

  • 26 Jul 2011
  • PE

Tennessee Consolidated Retirement System and Pennsylvania State Employees' Retirement System made commitments of USD 50 million and USD 30 million respectively to the eighth private equity investment fund raised by Berkshire Partners, which held a final close with total equity commitments of USD 4.5 billion. Many of the commitments were made by institutional investors that have invested in the fund’s predecessors including endowments, foundations, pension funds, insurance companies and sovereign wealth funds. The fund focuses on mid-market growth companies in North America and plans to invest between USD 50 million and USD 500 million in each portfolio company.
Pennsylvania State Employees' Retirement System invested in two of Berkshire Partners’ previous funds: Berkshire Fund VII and Berkshire Fund VI. The public pension fund has a broad private equity portfolio with a large number of commitments to buyout and venture funds. It has total funds under management of USD 26 billion with USD 6.5 billion allocated to private equity. 
The USD 28.6 billion public pension fund Tennessee Consolidated Retirement System has a preference for buyout, venture and secondaries funds and has recently made a number of other commitments to funds including a USD 25 million commitment to Bessemer Venture Partners VIII, and a USD 25 million commitment to Khosla Ventures IV.

Tennessee Consolidated Retirement System and Pennsylvania State Employees' Retirement System made commitments of USD 50 million and USD 30 million respectively to the eighth private equity investment fund raised by Berkshire Partners, which held a final close with total equity commitments of USD 4.5 billion. Many of the commitments were made by institutional investors that have invested in the fund’s predecessors including endowments, foundations, pension funds, insurance companies and sovereign wealth funds. The fund focuses on mid-market growth companies in North America and plans to invest between USD 50 million and USD 500 million in each portfolio company.

Pennsylvania State Employees' Retirement System invested in two of Berkshire Partners’ previous funds: Berkshire Fund VII and Berkshire Fund VI. The public pension fund has a broad private equity portfolio with a large number of commitments to buyout and venture funds. It has total funds under management of USD 26 billion with USD 6.5 billion allocated to private equity. 

The USD 28.6 billion public pension fund Tennessee Consolidated Retirement System has a preference for buyout, venture and secondaries funds and has recently made a number of other commitments to funds including a USD 25 million commitment to Bessemer Venture Partners VIII, and a USD 25 million commitment to Khosla Ventures IV.

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