Texas Teacher Retirement System, Austin, committed a total of $2.1 billion to 17 private market funds in the quarter ended June 30, a transaction report provided to Pensions & Investments showed.
The $130 billion defined benefit plan earmarked a total of $1.1 billion to nine private equity vehicles: Permira V, €200 million ($277 million); Lindsay Goldberg IV, $250 million; Great Hill Equity Partners V, $150 million, managed by Great Hill Partners; Patria Brazilian Private Equity Fund V, $150 million, managed by Patria Investimentos; Blackstone GTS Co-Invest, $83 million, managed by Blackstone Group; Project Jewel, $75 million, manager not disclosed; KKR Brazil Aggregator, $65 million, managed by KKR & Co.; Grosvenor 2014-1 PE Investment Series, $50 million, managed by Grosvenor Capital Management; and Crestview Partners III, $27 million.
Commitments totaling $765 million were made to seven real assets strategies: Morgan Stanley Infrastructure II, $250 million; Morgan Stanley Infrastructure Sidecar II, $100 million; CBRE Strategic Partners U.S. Value 7, $200 million, managed by CBRE Global Investors; Grosvenor 2014-2 RE Investment Series, $100 million, managed by Grosvenor Capital Management; U.K. Co-Invest, $50 million, managed by Starwood Capital Group; Meadow Real Estate Fund III, $40 million, managed by Meadow Partners; and Savanna Real Estate Fund III, $25 million.
The pension fund also committed $200 million to natural resources fund EnCap Flatrock Midstream Fund III.
