Texas Teacher Retirement System, Austin, committed a total of $400 million to three existing alternative money managers in November, a report from the $184.4 billion defined benefit plan showed.
TRS investment officers committed $150 million to opportunistic fund Paine Schwartz Food Chain Fund VI, managed by Paine Schwartz Partners, from the pension fund's $11 billion energy natural resources infrastructure portfolio.
The ENRI portfolio accounted for 6% of plan assets as of June 30 compared with the 5.3% interim policy target.
From the retirement system's $34 billion private equity portfolio, $150 million was committed to Kohlberg Investors X-B, a buyout fund managed by Kohlberg & Co.
TRS' private equity portfolio represented 18.4% of plan assets as of June 30, compared with the 17.7% interim policy target.
From TRS' $29 billion real estate portfolio $100 million was committed to AIMS Sidecar I, an opportunistic real estate fund managed by NB Alternatives Advisers.
The defined benefit fund's real estate portfolio was 15.7% of plan assets as of June 30 in contrast to the 13.8% interim target.