Texas Teacher Retirement System, Austin, committed a total of $570 million to seven private equity and venture capital strategies in July, a transaction report from the $151.3 billion pension fund showed.
All of the commitments were to existing TRS managers. The largest commitment, at $200 million, went to Baring Private Equity Asia's latest Asia-focused midsized buyout fund — Baring Asia Private Equity Fund VII.
The pension fund also committed $100 million each to:
- Insight Venture Partners X, a venture capital fund focused on investment in U.S. internet and software companies.
- Oaktree Avalon Co-Investment Fund II, a U.S.-based, single deal special situations credit fund managed by Oaktree Capital Management (OAK).
- EQT VIII Co-Investment, which will seek investment in companies in diversified industries in the Nordic region.
SLP Zephyr Investors received a $30 commitment for investment in large-company buyout opportunities globally in diversified industries. Silver Lake is the fund's manager.
Texas Teachers' investment officers also committed $25 million to U.S. large-buyout fund H&F Flashdance Partners II, managed by Hellman & Friedman, and $15 million to TA Saffron Holdings, a large-company buyout co-investment fund managed by TA Associates focused on finding investment opportunities in emerging markets.
Rob Maxwell, a TRS spokesman, did not immediately respond to an email seeking more information about the Saffron Holdings fund.