Teacher Retirement System of Texas related stories
All articles and analysis
TRS of Texas announces $175m in fresh commitmentsThe US public pension system made two new commitments in January.
LPs aren’t loving the ‘synthetic’ distribution boomA Capstone survey has found that more than half of LPs consider NAV financing and preferred equity a ‘poor’ way to generate liquidity.
Side Letter: Cinven's case studyCinven's latest haul is a textbook example of the core elements needed for a successful fundraise in 2024. Plus: why everything's not bigger in Texas; and Eurazeo has launched a big new climate vehicle. Here's today's brief, for our valued subscribers only.
LPs remain cautious with first-time fundsInvestor appetite for emerging managers has declined amid difficult fundraising conditions.
Side Letter: Texas TRS's securitisation; Mantra's niche fund figuresTexas TRS could lead the way in using private equity-backed collateralised fund obligations to generate liquidity. Plus: why it pays to be a sector specialist; and details of Adams Street Partners' next growth fund. Here's today's brief, for our valued subscribers only.
Side Letter: PE's AI-mplications; IMM's 3.5x exit; MacDonell's London moveConsultancy AlixPartners unwraps the ways in which private equity could be transformed by generative AI. Plus: LP veteran Allen MacDonell has joined a hefty UK institution; and Korea's IMM Private Equity has notched up a strong exit while fundraising. Here’s today's brief, for our valued subscribers only.
Side Letter: TPG's tech triumph; PE's reputation requirements; AIP's $5bn targetMonday is a public holiday in London and Hong Kong, so we'll return to your inbox on Tuesday. In the meantime: TPG has beaten the odds with its latest tech vintage; and reputation is proving more important than track record for some investors. Here’s today's brief, for our valued subscribers only.
Side Letter: Thoma Bravo's timing; PE's job creation credentials; Korea's VC supportThoma Bravo's apparent eagerness to hit the fundraising trail could prove advantageous at a time when the process is slower-going. Plus: Invest Europe shines a light on PE's job creation credentials; and Korea's government wants to back domestic VCs. Here’s today's brief, for our valued subscribers only.
Texas TRS reveals new PE commitmentsThe US pension has allocated nearly $300 million across four funds.
Side Letter: SVB Capital's potential sale; ESG's rejected requests; secondaries' biggest backersSVB Financial Group is exploring options for its $9.5 billion fund of funds unit. Plus: GPs are rejecting LPs' ESG requests; and a look at the biggest commitments in secondaries. Here’s today's brief, for our valued subscribers only.