Texas Teacher Retirement System, Austin, committed a total of $550 million to four alternatives funds, said spokesman Rob Maxwell in an email.
The $179.9 billion pension fund committed $300 million to Brookfield Strategic Real Estate Partners IV–B, a global opportunistic real estate fund managed by Brookfield Asset Management.
It also committed $100 million each to special situations fund TPG Growth V and venture capital and growth equity fund TPG Tech Adjacencies II and $50 million to buyout fund Falfurrias Capital Partners V.
The commitments were made in August.
As of March 31, the pension plan had a real estate target of 13.1% and private equity target of 16%.