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Texas TRS confirms new commitments

The Teacher Retirement System of Texas has made $504m in commitments to new private equity vehicles.

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Name: Teacher Retirement System of Texas
Headquarters: Austin, US
AUM: $183.5 billion
Allocation to private equity: 17.19%

The Teacher Retirement System of Texas has confirmed $504 million in commitments to new private equity vehicles.

The vast majority of the commitments were given out to energy and natural resource-focused funds. Quantum Energy Partners captured $275 million in commitments for three separate vehicles. A further $150 million was distributed to NGP Natural Resources XIII, a growth equity fund focused on investments into energy and natural resources in North America.

Furthermore, the pension fund committed $45 million to Project CS Co-Invest Fund, managed by Thoma Bravo. Greenbriar Co-investment WPS also received $24 million, and Galaxy Interactive Fund II, a venture capital fund, received $10 million.

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