Texas Municipal Retirement System overview
Stories about Texas Municipal Retirement System

Texas Municipal's directs head: No reduction in fund commitments
The $44bn pension's Amol Deshpande discusses its PE allocation plan and the types of secondaries opportunities it expects to pursue.

TMRS to commit up to $15bn into co-investments in next five years
The pension is launching a private market investment programme targeting co-underwrites, syndicated co-investments, secondaries and growth capital investments.

Texas Municipal: LPs should 'recalibrate' private markets returns expectations
Private markets investments will take 'twice as much effort' to generate returns similar to those seen over the past 15 years, says Texas Municipal Retirement System CIO Yup Kim.

Texas Municipal looks to scale co-investments with trio of senior hires
The new joiners, including ex-CDPQ senior director Philip Hunter O’Brien, will operate from the $41bn system’s Austin headquarters, CIO Yup Kim tells PEI.

PEI's Future 40 on finding a niche in private equity
In this podcast, Blue Owl Capital’s Lamar Cardinez, Texas Municipal Retirement System’s Ngoc Can and ECI Partners’ Richard Pearce share their experiences of seeking out niche investment and operational strategies.

TMRS commits $350m to private equity
Four private equity commitments were confirmed in the recent 25 May meeting.

Texas Municipal eyes Europe as it overhauls PE investment framework
The retirement system is widening the funnel of managers it will consider investing with, according to deputy CIO Tom Masthay.
Texas Municipal Retirement System contact information
Offices
Contacts
| Name | Job title | Location | |
|---|---|---|---|
| Key Contact | Job titleDirector of Special Situations and Credit, Office of the CIO | LocationAustin, United States | Email |
| Key Contact | Job titleChief Investment Officer | LocationAustin, United States | Email |
Job titleManaging Director, Head of Private Equity | LocationAustin, United States | Email | |
Job titleSenior Director, Private Equity | LocationAustin, United States | Email | |
Texas Municipal Retirement System fund commitments
Known fund commitments: 140
| Fund | Manager | Commitment date | Commitment size |
|---|---|---|---|
Manager | Commitment dateJan 2025 | Commitment size$100m | |
Manager | Commitment dateSep 2021 | Commitment size | |
Manager | Commitment dateApr 2025 | Commitment size | |
Stories that mention Texas Municipal Retirement System
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'Performance anxiety' prompts a rethink for investors
The proportion of LPs seeking to invest more in private equity has been hit by performance concerns, while Europe looks to benefit from US uncertainty.
Side Letter: Illiquidity premium erosion
Private equity’s liquidity premium appears to be eroding at a faster rate than ever before. Plus: a UK pension giant is pumping more into PE; and a German LP gets a new CIO. Here's today's brief, for our valued subscribers only.
Side Letter: GIC on CVs
The world's second-largest PE investor appears cautiously optimistic around continuation funds. Plus: Texas Municipal and Fordham University are wary of retail participation in private markets. Here's today's brief, for our valued subscribers only.
Side Letter: IPEM talking points
Dispatches from IPEM in Paris last week. Plus: a UK foundation is losing its private markets director; and secondaries continues to gain ground among family offices. Here's today's brief, for our valued subscribers only.
Side Letter: Fund finance inflows
LP capital looks set to play a significant role in the rampant expansion of the fund finance universe. Plus: a $70bn pension is cutting its private equity allocation; and why LPs should investigate GPs' understanding of AI sustainability risks. Here's today's brief, for our valued subscribers only.
Side Letter: Who is PE's biggest investor?
Our latest ranking of the 150 biggest investors in PE globally is out. Plus: the July/August issue of Private Equity International hits desks today; and a fundraising update on former Apollo exec Josh Harris's debut vehicle. Here's today's brief, for our valued subscribers only.
