Texas Teacher Retirement System, Austin, completed $460 million in commitments in August, according to an investment update emailed by spokesman Rob Maxwell.
The $202 billion pension fund committed $150 million to SFR JV-3, a value-added real estate joint venture with Tricon Residential; $100 million each to Riverbend Kamino PIV, an opportunistic energy fund managed by Riverbend Energy Group, and opportunistic real estate fund Temerity Strategic Partners Fund; $85 million to VMG Consumer VI, a buyout fund managed by VMG Partners; and $25 million to Stellex Triplepoint Co-Invest, a buyout co-investment fund managed by Stellex Capital Management.
TRS previously committed $74 million to Riverbend Oil & Gas XI earlier this year and has invested in two prior joint ventures with Tricon.
Stellex Capital, Temerity and VMG Partners are all new managers for the pension fund.
As of March 31, the pension fund’s actual allocations to private equity, real estate and its energy, natural resources and infrastructure asset class were 16.7%, 14.7% and 6.8%, respectively.
