Texas State Board of Education, Austin, approved commitments totaling $145 million to two private investment funds on behalf of the $30.3 billion Texas Permanent School Fund.
During a meeting on April 8, the board, which oversees investment of the educational endowment, approved its finance committee's recommendation to commit $75 million to Kildare European Partners II, a private equity fund managed by Kildare Partners that will invest in European real estate.
The board also committed $70 million to PAG Enhanced Credit Fund to invest in properties in Japan, China and other Asia-Pacific countries.
