Texas Teacher Retirement System, Austin, committed a total of $600 million to three private funds in August.
Each firm received a $200 million commitment, a monthly transaction report from the fund showed.
In private equity, the $128.2 billion pension fund committed to Kohlberg Investors VIII-B — a buyout fund focused on small- to midcap U.S. companies in multiple industries, managed by Kohlberg & Co.
Real estate commitments were made to CBRE Strategic Partners U.S. Value 8, managed by CBRE Global Investors, and to ZEI Co-Invest 1 Fund, also known as ZEI Asia Fund, managed by Equity International. The CBRE fund will focus on adding value to U.S. real estate properties by improving lease rates and terms.
The ZEI fund will “co-invest alongside other capital in over $2 billion of Asian logistics real estate projects,” according to an Equity International news release issued Wednesday. The properties will be developed by e-Shang Redwood, an affiliate of Equity International.