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TRS approves more than $165m in commitments

The US public pension has backed two buyout funds and one focusing on venture capital / growth equity.

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Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $153.13bn
Allocation to alternatives: 31.51%
Bitesize: $200-500m

Teacher Retirement System of Texas (TRS) has agreed in closed session to commit €50 million ($56.9 million) to PAI Liberty VIII, $75 million to TPG Tech Adjacencies and $35 million to ASP BF Co-Invest, a contact at the pension fund informed Private Equity International. The funds are focused on small/mid-sized buyouts and venture capital / growth equity investments.

The $153.13 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 13.90 percent.

As illustrated in the charts below, TRS has made several fund commitments with a vintage of 2018 and 2019, constituting more than $4.30 billion.

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