FUNDRAISING NEWS | January 09, 2025
The Teacher Retirement System (TRS) of Texas closed a total of $1.4B in commitments to 15 funds in December of last year.
In real estate, the pension committed $400M to Blue Owl Real Estate (T) LP; $130M to AEW Transferred Asset Program T, LP; $42.5M to Inceptiv Sequoia; $44.2M to Guadalupe Partners Kincora; and $75M to Two Sigma Real Estate Opportunity Fund (A). Of the five funds, all but Two Sigma are existing relationships.
In private equity, Texas TRS allocated to five funds all by existing managers, four of which were middle-market buyouts: Becklar Holdings Partnership I, which received $25M; Oakley Capital V1-B1, with $125M; Jade II PB Coinvest, with $30M; and Falfurrias Capital Partners VI, with $85M. Additionally, the pension made a $65M commitment to GTCR Strategic Growth Fund II/A&B.
Lastly, Texas TRS committed a combined $424.5M to five other funds under its energy, natural resources and infrastructure portfolio, consisting of a $150M investment in middle-market buyout Northampton Capital Partners; $150M in Northampton’s real estate fund SP Nexus Holdings; $25M and $75M in middle-market buyouts AL GCX Fund VIII Co-Invest-A and Brigham Royalties Fund I, respectively; and $24.5M in opportunistic real estate KEPE Continuation Fund I. All five funds represent new relationships with the pension.
