TRS approves $732.72m in commitments

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $153.13bn
Allocation to alternatives: 31.10%
Bitesize: $200-500m

Teacher Retirement System of Texas (TRS) has agreed to four private equity commitments totalling $732.72 million, a contact at the pension informed Private Equity international.

The commitments comprise of $100 million to New Enterprise Associates 17, €340 million ($382.72 million) to Permira VII, $150 million to Great Hill Partners VII and $100 million to Padawan, an agribusiness buyout fund-of-one managed by Paine Schwartz.

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 13 commitments to private equity funds with a 2019 vintage, which combined constitute $2.04 billion.

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