The Teacher Retirement System of Texas, Austin, authorized up to $850 million in private equity and real estate commitments at its Dec. 14-15 meeting, confirmed spokeswoman Juliana Helton. The $100 billion fund will commit up to $300 million to Providence Equity Partners VI and up to $200 million to Green Equity Investors V, both private equity funds; and up to $200 million to Heitman American Real Estate Trust and up to $150 million to real estate fund Colony Investors VIII. Altius Associates assisted the plan with the private equity recommendations; Townsend Group assisted with real estate.
The board also approved adding the ACI Multi-Strategy Market Neutral Fund to the system's pre-approved list of absolute return funds, although no investment amount was specified. Albourne American assisted.