Texas Teacher Retirement System, Austin, completed a total of $803 million in commitments in September, according to a transaction report emailed by spokesman Rob Maxwell.
Within private equity, the $184.4 billion pension fund committed $250 million to buyout fund Clayton, Dubilier & Rice XII, $150 million to buyout fund Thoma Bravo Discover Fund IV, and $25 million to Distributed Global Ventures III, a venture capital fund focused on blockchain-based digital assets.
TRS previously committed $200 million to Clayton Dubilier & Rice XI in 2020. Thoma Bravo and Distributed Global are new managers for the pension fund, according to the transaction report.
As of June 30, the pension fund's actual allocation to private equity was 18.4%; the target is 14%.
Within real estate, the pension fund committed $200 million to opportunistic real estate fund PCCP Clipper Venture II. TRS previously committed $100 million to PCCP Equity IX in 2021.
Within its energy, natural resources and infrastructure asset class, TRS committed $75 million to EIV Coinvest Bakken, an opportunistic energy co-investment fund managed by EIV Capital, and $25 million to ECP V (Bears Co-Invest), an opportunistic energy co-investment fund managed by Energy Capital Partners Management; $53 million to Galaxy Fruit, an opportunistic agriculture fund managed by Goldman Sachs Asset Management; €22 million ($22 million) to GIP IV Gutenberg Co-Invest and $3 million to GIP IV Seaway Co-Invest 2, both infrastructure co-investment funds managed by Global Infrastructure Partners.
As of June 30, the pension fund's actual allocation to real return, which includes real estate, energy, natural resources and infrastructure, was 21.8%; the target is 21%.
Mr. Maxwell could not be immediately reached for further information.
