Texas Teachers assigns $275 million to venture capital, buyout funds

Texas Teacher Retirement System, Austin, made two commitments totaling $275 million in April, according to a transaction report from the $133.2 billion pension fund.

The pension fund committed $200 million to New Enterprise Associates 16, a venture capital fund that focuses on investing in early stage U.S. companies primarily in the information technology, energy, technology and health-care sectors.

Also, the pension fund committed $75 million to Marvel Co-Invest, a buyout fund managed by CCMP Capital Advisors.

The commitments are the third and fourth for the pension fund in 2017, having previously committed $300 million to Silver Lake Partners V in March and $325 million to Clayton, Dubilier & Rice X in February.