Texas Employees Retirement System, Austin, committed a total of $165 million to two alternative funds in October, a transaction report showed.
The $27.5 billion pension fund committed $100 million to TPG Asia VII, a private equity fund that will focus on mid to large buyouts across Asian countries. This is the fund's first commitment to a TPG fund.
Waterton Residential Property Venture XIII received a $65 million commitment for investment in multifamily properties in major U.S. markets. The pension fund committed a total of $125 million to the previous fund in the Waterton Associates series in 2015.