Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 31.10%
Teacher Retirement System of Texas has agreed to commit $75 million to Lightspeed Venture Partners Select IV, a contact at the pension informed Private Equity International.
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 below, TRS has made several commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $2.90 billion.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.