The Teachers’ Retirement System of Texas (TRS), a USD204 billion pension fund, allocated almost USD500 million to three new private equity funds last month, according to a report by Alternatives Watch.

The Teachers’ Retirement System of Texas (TRS), a USD204 billion pension fund, allocated almost USD500 million to three new private equity funds last month, according to a report by AlternativesWatch.

The fund already has a private equity portfolio of USD29 billion which was up 53.9 per cent in 2021.

London-based Permira Investment Advisers Limited secured the largest mandate of EUR250 million for its Permira VIII, an international large buyout fund.