Texas Teachers approves over $500m in commitments

The US public pension has backed three buyout funds.

Teacher Retirement System of Texas has committed $200 million to American Securities Partners VIII, $150 million to Patria – Private Equity Fund VI and €150 million to Bridgepoint Europe VI.

The $146 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.