Texas Teacher Retirement System, Austin, committed about $470 million total to five funds in March, said Juliana Fernandez Helton, a TRS spokeswoman, in an e-mail.
The pension fund approved a total of $222 million in real assets commitments:
- £65 million ($97.1 million) to Brockton Capital III, a U.K.-focused value-added and opportunistic real estate fund;
- $75 million to EI AV Fund, managed by Equity International; and
- $50 million to Integrated Capital Hospitality Fund II, an opportunistic, value-added real estate fund that will invest in underperforming U.S. hotel properties.
The $129.9 billion pension fund also committed $150 million to New Enterprise Associates 15, a venture capital fund, and about $98 million to KKR Eagle Co-Invest. The KKR & Co. co-investment will fall under the pension fund’s energy and natural resources allocation, and the New Enterprise Associates commitment will fall under private equity.