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Texas Teachers approves $286m in commitments

The US public pension has backed venture and buyout funds.

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In May 2018, the Teacher Retirement System of Texas committed $100 million to Lightspeed Venture Partners Select III, $100 million to Permira Growth Opportunities I, $61 million to Leonard Green & Partners’ Shingle Coinvest and $25 million to KKR Omega Co-Invest.

The $151 billion US public pension has a 13 percent target allocation to private equity that currently stands at 12.3 percent.

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