Institution: Teacher Retirement System of Texas
Headquarters: Austin, Texas
Allocation to alternatives: 31.51%
In October 2018, the Teacher Retirement System of Texas made a commitment of $300 million to Lone Star Fund XI. The Lone Star fund targets private equity control investments in companies, single-family residential real estate secured debt, corporate and consumer debt, and single-family residential real estate assets.
The $151 billion US public pension has a 1.61 percent allocation to private debt.
As illustrated in the charts below, Texas Teachers’ has made five private debt fund commitments between January and October 2018.
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