TRS approves $26m commitment

The US public pension has backed a PE-focused co-investment vehicle.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $152.20bn
Allocation to alternatives: 31.10%
Bitesize: $200-500m

Teacher Retirement System of Texas has approved a commitment of $26 million to Dragon Co-Investment Partners, a contact at the pension informed Private Equity international.

The $152.20 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 13.90 percent.

As illustrated in the charts below, TRS has made 13 commitments to private equity funds with a 2019 vintage, which combined constitute $1.90 billion.

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