Teacher Retirement System of Texas Commits $800 Million to Funds
Bulk of capital deployed into two private equity funds
and a real estate fund.
Bulk of capital deployed into two private equity funds
and a real estate fund.
Brijesh Jeevarathnam is tapped to replace the retiring
Kelly Meldrum.
TCDRS has
committed a third of the capital it deployed in the sector in 2021.
System approves new asset
allocation target that increases credit and public equity while lowering real
estate and interest-rate sensitive strategies.
SIC had backed prior funds from Intermediate Capital
Group and JMI.
System is currently overallocated to sector.
System backs Two Ardian Funds and an Oak Street real
estate fund.
The $24.3 billion Louisiana system commits $425 million.
Michael
Nguyen will serve as director of investments at the $4.5 billion endowment.
But
SWIB’s private markets CIO said division will continue to work with consultants.