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Texas Teachers approves almost $700m in commitments

The US public pension has backed five buyout vehicles.

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Teacher Retirement System of Texas has approved commitments of $320 million to TPG Partners VIII, $150 million to TPG Asia VII, $100 million to TPG Kentucky Co-Invest, $80 million to TPG Healthcare Partners and €37.5 million to Austin VI.

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

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