Texas TRS Commits $495M to Alternatives

The Teacher Retirement System of Texas has disclosed six alternative commitments totaling $495 million.

$100 million was committed to the real estate fund, Pennybacker VI, managed by Pennybacker Capital Management.

$100 million was committed to the infrastructure fund, ISQ Co-Investment Fund, managed by I Squared Capital.

In private equity, $45 million was allocated to the buyout, Hg Mercury 4. $25 million was allocated to venture capital fund, GC Venture XI, managed by General Catalyst. $175 million was allocated to growth equity fund, TA XV-A. Lastly, $50 million was allocated to the buyout fund, Sherman Opportunity managed by Valeas Capital Partners.

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