The $158 billion Teachers’ Retirement System of Texas continues to grow its alternative investment exposure, and last month added more than $600 million in private equity and real asset fund commitments.
The majority of new allocations were in private equity with large firms such as Blackstone and Baring Private Equity Asia winning new mandates.
Four new funds were tapped for the $23 billion private equity program.
The new commitments included two buyout mandates. A total of $125 million was assigned to Clearlake Capital Management’s Clearlake Capital Management IV, a middle market/small . . .