TCRS told IPE Real Assets that it has commitment $100m to the core industrial fund. : Exeter Property Group has begun raising capital for a new core industrial fund and has already attracted interest from the Tennessee Consolidated Retirement System (TCRS). According to sources familiar with the fund, the manager expects to raise between $750m (€658.9m) and $1bn for Exeter Core Industrial Club Fund III. In the past couple of year, the pension fund has invested in core real estate through its separate account managers. Most of its commitments made via funds have been placed into non-core funds.