(updated with correction)
The $35.2 billion Texas Permanent School Fund, Austin, committed or invested a total of $209 million to five alternative investment strategies in the quarter ended Sept. 30, according to the fund's response to a Freedom of Information Act request seeking information about its investments.
The largest commitment was $100 million to NW1 Strategic Investment Partnership I, a real estate fund. Texas Permanent officials declined to name the manager of the fund.
In private equity/venture capital, the fund earmarked a total of $77 million to two firms, with $47 million going to Avedon Capital Partners' GCF IV Feeder, a growth equity fund which focuses on lower-middle-market companies in Belgium, Luxembourg and the Netherlands. Early stage venture capital manager ACME Capital received a $30 million commitment for ACME Fund III, investing in companies that take advantage of broad macro trends including user-generated content, video and artificial intelligence.
Two existing managers received additional allocations during the third quarter, with $25 million going to Navarro 1, an emerging markets equity strategy managed by BlackRock.
Grosvenor Capital Management was given an additional $7 million for investment in Raven 8, a hedge funds-of-funds portfolio.
Amounts already invested in the BlackRock and Grosvenor strategies were not available.