Texas Teachers approves $325m commitment

The US public pension has backed a North America-focused fund.

Teacher Retirement System of Texas has committed $325 million to Clayton, Dubilier & Rice Fund X. The transaction was finalised on February 24.

The $128 billion US public pension has a 12 percent allocation to private equity that currently stands at 12.1 percent.

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