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Texas Teachers’ makes €125m commitment

The US public pension fund has backed a European buyout fund.

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Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $151.00bn
Allocation to alternatives: 31.51%
Bitesize: $200-500m

In October 2018, the Teacher Retirement System of Texas made a commitment of €125 million to Triton Fund V, according to an email from Rob Maxwell, investments communications specialist at the pension fund. Triton Partners targets mid-sized companies across Western Europe.

The $151 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 13.2 percent.

As illustrated in the charts below, Texas Teachers’ has made five fund commitments between September and October 2018.

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