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 commit $100 million to Square Mile Capital’s OCS Co-Investment fund, $250 million to Equity International’s River Washington fund and $117 million to Lionstone Partners’ Houston BBP fund, a contact at the pension informed PERE.
TRS has a 13.0 percent target allocation to private equity that currently stands at 14.0 percent. As illustrated below, it has made several commitments to real estate funds with a 2018 and or 2019 vintage, which combined constitute $5.87 billion.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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