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TRS Texas approves $120m in commitments

The US public pension has backed two North American private equity funds.

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Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $148.08 billion
Allocation to alternatives: 34%

Teacher Retirement System of Texas has agreed to commit $100 million to Crestview Partners IV and $20 million to SLP Mistral Co-Invest managed by Silver Lake, a contact at the pension informed Private Equity International.

The $148.08 billion US public pension has a 14 percent target allocation to private equity that currently stands at 14.7 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology sector within the Asia-Pacific, North America and Europe regions.

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