Texas Teacher Retirement System, Austin, will commit up to $100 million to Bain Capital Fund VIII Co-Investment Fund, up to $75 million to Oak Investment Partners XI, and up to $50 million to Bain Capital Fund VIII, all private equity funds, according to a written statement from Howard Goldman, spokesman. The fund has 4% of assets allocated to private equity. Pathway Capital, the $86 billion plan's private equity consultant, assisted.
Separately, TRS staff and hedge fund consultant Tremont Capital approved Endeavour Capital Offshore Fund and Vega Relative Value Fund as potential investments, Mr. Goldman said. TRS would conduct more due diligence before making a commitment, spokeswoman Juliana Fernandez Helton said in a written statement. The fund's absolute return allocation is 1.5% of assets.