(Am replying to an old post since this thread is currently the top search result for search term TSV_TNEW_PAGE_ALLOC_FAILED in for example, Google.)
Also see this SAP Knowledge Base Article:
1641519 - Operating system (in)dependent SAP memory management issues
It applies to not only just TSV_TNEW_PAGE_ALLOC_FAILED but also to other TSV_TNEW_* runtime errors.
It also confirms that this topic is database independent.
I realize this topic probably belongs better in SAP NetWeaver Administrator.
Message was edited by: Joe Ledesma Replaced reference to SAP NetWeaver Technology Platform with reference to SAP NetWeaver Application Administrator since the former is more about architecture.