Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $153.13bn
Allocation to alternatives: 31.1%
Bitesize: $200-500m
Teacher Retirement System of Texas (TRS) has agreed to $388 million in private equity commitments, a contact at the pension informed Private Equity International. TRS has committed $25 million to GHP CI Aggregator; a GHP VI co-investment fund, €100 million ($112 million) to Timberlake, an investment vehicle managed by Triton Investment Advisers and €225 million ($253 million) to The Seventh Cinven Fund.
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 also made six commitments to private equity funds with a 2019 vintage, which combined constitute $1.12 billion.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: