Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 31.10%
Teacher Retirement System of Texas has agreed to commit $75 million to Blackstone Life Sciences V, a contact at the pension informed Private Debt Investor.
Private debt sits within TRS’ private equity portfolio, which currently makes up 13.90 percent of the US public pension’s $152.20 billion total assets.
As illustrated below, TRS has made seven commitments to private debt funds with 2018 or 2019 vintage, which combined constitute $1.09 billion.
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