The Teachers’ Retirement System of Texas has made an additional private markets’ allocation totalling $685 million to range of funds including commitments to private equity, energy and natural resources, as well as a digital assets venture capital fund, according to a report by AlternativesWatch
The Teachers’ Retirement System of Texas has made an additional private markets’ allocation totalling $685 million to range of funds including commitments to private equity, energy and natural resources, as well as a digital assets venture capital fund, according to a report by AlternativesWatch
The lion’s share of the new commitments have been made to private equity and venture capital with $620 million going to a variety of strategies including: Apollo Investment Fund X ($400 million); Eighth Cinven Fund No. 1 ($200 million); and CoinFund Ventures I Onshore ($20 million), an early stage VC fund that closed last month at $300 million with a focus on backing ambitious founders across blockchain sub-sectors.
Within the energy and natural resources portfolio, $65 million has been allocated to Greenbelt Capital Management’s Greenbelt Capital Partners TRP, a growth-focused middle-market investment firm recently spun out of Trilantic Capital Management with a focus on control and significant minority investments in infrastructure development across the energy sector.
