Texas Municipal includes personality testing in GP due diligence

The US public pension's last year performance was very solid.

Texas Municipal Retirement System is making more informed decisions in picking private equity managers now, after 18 months of private equity managers’ personality testing.

The $28 billion US public pension has a 5 percent target allocation to private equity that currently stands at 1 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.