Texas TRS Commits $750M to Alternatives
Written by: Koncheng Moua, Director of Data Management and Strategy
The Teacher Retirement System of Texas has disclosed approximately $750 million in commitments to alternative funds, as described in an email from the System.
Real Estate
$200 million was committed to opportunistic real estate fund, PCCP Clipper Venture II.
Private Equity
$75 million was committed to EIV Coinvest Bakken. The private equity fund managed by EIV Capital focuses on growth investments in energy infrastructure and niche renewable sectors. $250 million was allocated to middle market buyout fund, Clayton, Dubilier & Rice Fund XII. $150 million was committed to buyout fund, Thoma Bravo Discover Fund IV. $25 million was committed to venture capital fund, Distributed Global Ventures III.
Real Assets
$25 million was committed to ECP V (Bears Co-Invest), an energy infrastructure fund managed by Energy Capital Partners. The TRS also committed to two infrastructure co-investment funds managed by Global Infrastructure Management. Approximately $21.5 million was allocated to the GIP IV Gutenberg Co-Invest fund, and approximately $3.1 million in the GIP IV Seaway Co-Invest 2 fund.
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