TRS approves $525m in commitments

The US public pension has backed three private equity funds.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $152.20bn
Allocation to alternatives: 31.1%
Bitesize: $200-500m

Teacher Retirement System of Texas has agreed to $525 million-worth of private equity commitments, a contact at the pension informed Private Equity International. The commitments comprise of $200m to Kohlberg Investors IX, $150m to Insight Venture Partners XI and $175m to Green Equity Investors VIII.

The $152.20 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 13.90 percent.

As illustrated in the charts below, TRS has made several commitments to private equity funds with a 2019 vintage, which combined constitute $2.52 billion.

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