Trustees for the $155 billion Teachers’ Retirement System of Texas (TRS) approved four new allocations across three key alternative investment portfolios as officials continue to tweak the overall pension portfolio in light of COVID-19 and the ongoing low-interest rate environment.
The largest allocation was a $200 million mandate to Starwood Capital Group’s latest opportunistic fund -- Starwood Distressed Opportunity Fund XII Global. The allocation is within the $22 billion real assets portfolio. Neighboring state pension, Texas County & District Retirement SystemContinue Reading Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.
