By Muskan Arora

The $209.5bn Teacher Retirement System of Texas disclosed $450m commitments to its energy and private markets sleeve in
February.

The pension plan returned 12.7% for the fiscal
year ended August 31, 2024, against a long-term annualized return of 7%.

Texas TRS’ funded ratio is at 77.8% for the
fiscal year 2024, up from 77.5% in fiscal year 2023. The fund expects to be
fully funded by 2052.

Last year, the pension plan also agreed to
lower its private equity holdings to 12% from 14%.

Re-upping all existing managers, the
pension plan has allocated $150m to BPEA Private Equity Fund IX, a buyout fund
focused on the Asian region.

---

Please Click Here to Register Now!

---

The fund invests in healthcare, technology,
education and consumer goods.

Similarly, the $70bn NJ State Investment
Council also committed up to $200m to the same fund due to its strong overall performance,
good portfolio fit and a stable and experienced team, as stated by CIO Shoaib
Khan.

Within its real estate sleeve, the system
allocated $100m to CS Bevo I, managed by CSF Asset Management Vehicle. CS is an
opportunistic fund focused on making investments in properties across United
States.

Within its ENRI portfolio, the system allocated
$100m each to Gavin Generation Holdings A and NGP Royalty Partners III, both of
which follow an opportunistic strategy with a focus on North America.

In January, Texas TRS also committed $100m
to SCREP VIII, a real estate investment fund of pan-Asian private equity giant
PAG. The fund focused on investments in data centers, logistics, offices,
multi-family and distressed debt.