FUNDRAISING NEWS | September 10, 2024
The Texas Teachers Retirement System (TRS) approved five commitments to alternatives totaling $460M in the month of August, according to information provided by Texas TRS to Dakota.
In private equity, Texas TRS committed $25M to Stellex Triplepoint Co-Invest and $85M to VMG Consumer VI. Both of these commitments represent new relationships for the system.
Within real estate, Texas TRS committed $100M to Temerity Strategic Partners Fund and $150M to SFR JV-3. Temerity Strategic Partners is also a new relationship for the fund.
Finally, in real assets Texas TRS committed $100M to Riverbend Kamino PIV.
According to Dakota data, Texas TRS oversees $202B in assets. As of March 31, the fund allocated approximately 16.7% to private equity with a policy target of 16.9%, approximately 14.7% to real estate with a target of 15.4%, and approximately 6.8% to energy/natural resources with a target of 7%.
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Helen Bascom is a Marketing Associate at Dakota.
