TRS Texas approves $80m commitment

The US public pension has backed a North American private equity fund.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, US
AUM: $148.08 billion
Allocation to alternatives: 34.0%

Teacher Retirement System of Texas has agreed to commit $80 million to Peak Rock Capital Fund III, a contact at the pension informed Private Equity International.

The $148.08 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 14.70 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the renewable, energy, technology, transport, financial services, healthcare and business services sectors within the Asia-Pacific, Europe and North America regions.

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