Teacher Retirement System of Texas

Searches and Hires

Searches and Hires

Texas Teacher Retirement System approved a commitment of $150 million to PCCP Equity VIII, a U.S. middle-market real estate investment fund.
Proposal on AbbVie's drug pricing relating to incentive compensation garners 21% support

GOVERNANCE

GOVERNANCE

A shareholder proposal received 21% support calling for AbbVie to report on how drug pricing is integrated into its incentive compensation practices.
Equifax shareholders re-elect all board directors, defeat political spending proposal

GOVERNANCE

GOVERNANCE

Despite opposition from large pension funds, all 10 Equifax directors were re-elected and the company's executive compensation package was approved.
Verizon shareholders reject proposals supported by major pension funds

Governance

Governance

Verizon shareholders rejected proposals calling for an independent chair, a new clawback policy and eliminating payments to non-qualified plans.
Shareholders reject DiNapoli's incentive pay practice proposal at Wells Fargo, re-elect all directors

GOVERNANCE

GOVERNANCE

A shareholder proposal calling for Wells Fargo to report on whether incentive pay practices have exposed the firm to financial losses was defeated.

Searches and Hires

Searches and Hires

Texas Teachers bumps up its energy and real estate portfolios by a total of $550 million.
Texas Teachers pumping $3 billion into emerging managers program

PENSION FUNDS

PENSION FUNDS

Texas Teachers to infuse emerging managers program with $3 billion over the next three to five years.
Texas Teachers eyes hiring spree for investment group

PENSION FUNDS

PENSION FUNDS

Texas Teacher Retirement is considering almost doubling the size of its investing team so it can cut costs by managing more money in-house.
Clearlake Capital closes largest fund at $3.6 billion

PRIVATE EQUITY

PRIVATE EQUITY

Clearlake Capital Group has closed its latest private equity fund, Clearlake Capital Partners V, with more than $3.6 billion in commitments.
Walt Disney shareholders reject executive compensation in non-binding vote

Governance

Governance

More than 50% of Walt Disney Co. shareholders, including several large pension funds, voted against the compensation package of CEO Robert A. Iger.