Texas Teacher Retirement System, Austin, committed a total of $950 million to five private investment funds in September.
The largest commitment by the $135.1 billion pension fund was $400 million to Red River Direct Investment Fund III, a monthly transaction report showed. The latest Red River fund focuses on large U.S. buyout opportunities and is managed by BlackRock.
In real estate, TRS committed $200 million to CBRE GIP U.S. Feeder Vehicle, which is managed by CBRE Global Investors and invests in opportunistic deals in international developed countries.
In opportunistic emerging market real estate, the pension fund committed $125 million to Zell Equity International Fund VI and $75 million to its companion fund, Zell Equity International Fund VI Special Opportunities. The funds are managed by Equity International Management.
The TRS report, provided by e-mail by spokeswoman Juliana Fernandez Helton, also listed a $150 million commitment to diversified U.S. energy fund Whipstock Co-Investment Fund II, managed by TPH Asset Management.