Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 31.10%
Teacher Retirement System of Texas (TRS) has agreed to commit $150 million to H&F Unite Partners, $150 million to TA XIII and $13.3 million to White Cypress Co-Investment Partners, a contact at the pension informed Private Equity International. The three funds are managed by Hellman & Friedman, TA Associates and Clearlake Capital Group respectively.
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 nine commitments to private equity funds with a 2019 vintage, which combined constitute $1.3 billion.
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