The Texas Teacher Retirement System in Austin continues to build up its alternatives investment portfolio with investments in real estate and private equity ranging from $240 million to $8 million last month.
The majority of the capital was put to work in U.S. buyout funds managed by mostly existing firms represented in the $34 billion private equity portfolio of the $201 billion retirement system. Two TPG funds were selected, TPG Healthcare Partners II ($60 million) and TPG Partners IX ($240 million). Additionally, two popular Leonard Green fund received $50 million commitments each in May -- Jade Equity . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators