Teacher Retirement System of Texas related stories
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Side Letter: Can you service these four LPs?In today's edition, Four LPs share their 2026 commitment plans with NEXUS delegates; Why specialisation is key for emerging managers launching debut funds; A US buyout firm has closed its seventh flagship above target.
Side Letter: Gating-gateIn today's edition, Blue Owl's recent asset sale has thrust semi-liquids into the spotlight; Partners Group tries to assuage investors' AI concerns; Gridiron Capital is back in the market.
DOWNLOAD: A quarter of institutional LPs cut PE allocations in 2025Public pension funds were the most active in reducing their exposure, with almost a third scaling back their allocations, according to PEI's full-year 2025 Investor Report.
Side Letter: Cash off the tableIn today's edition, GPs are being urged to take cash off the table early; Why Oklahoma is a must-visit for IR professionals; Defaults are on the (marginal) decline.
ILPA: Retail vehicles could fundamentally affect GP-LP alignment, industry's long-term healthGrowth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.
Texas TRS commits $355m to private equityThe Austin-based pension fund commits to six private equity funds.
Side Letter: Swords and ploughsharesWhy GPs should stop worrying and learn to love defence. Plus: Future Fund's CIO is heading to the Middle East; and investors are increasingly hungry for small-cap CVs. Here's today's brief, for our valued subscribers only.
401(k) Special: ILPA to publish guidance on how retail capital impacts LPsThe Institutional Limited Partners Association will also update its due diligence questionnaire template and introduce a retail capital section in light of recent developments, Neal Prunier, managing director for industry affairs at the trade body, tells PEI.
Texas TRS makes five new commitments to private equityThe Austin-based pension fund spread $325m across venture, growth equity and buyout funds, backing managers from Khosla Ventures to Ridgemont and Great Hill.