Texas Teacher Retirement System, Austin, committed a total of $755 million to five private market funds in the quarter ended Sept. 30, a transaction report provided to Pensions & Investments showed.
The $129 billion defined benefit plan earmarked an aggregate $400 million to real estate managers, with $300 million going to Starwood Global Opportunity Fund X, managed by Starwood Capital Group, and $100 million to Iron Point Real Estate Partners III, managed by Iron Point Partners.
Commitments totaling $355 million were made to three private equity strategies: Hellman & Friedman Capital Partners VIII, $175 million; Quartz Co-invest, managed by CCMP Capital Advisors, $100 million; and Texas Bildung, a private fund managed for Texas TRS by Apollo Global Management, $80 million.
