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FUNDRAISING NEWS | November 08, 2024
The Teacher Retirement System (TRS) of Texas made $261M in total commitments across five private equity and real estate funds in October.
According to recently published board meeting minutes, the pension allocated $50M to value-add real estate strategy Faropoint Industrial SLB Fund; €22M (~$24M) to middle-market buyout fund PSC Leto LP; $27M to co-invest fund CD&R Raven Co-Investor; $10M to growth fund Valor Summit 1.0 LP; and $150M to another middle-market buyout, Thoma Bravo Discover Fund V. Except for PSC Leto, which will invest in Europe, the funds are primarily domestic. Faropoint and Valor are also new relationships.
The TRS most recently committed $1.35B in four real estate strategies following review of its asset allocation strategy in September, where the plan is moving to reduce its weighting in private equity investments, as reported by Dakota on October 9. Per Dakota data, the pension currently manages approximately $203.7B in assets.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!
Written By: Dakota
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