Texas Teachers Pours $1.1 Billion Into Private Equity

Jan 31 2013 | 11:12am ET

The Texas Teachers' Retirement System made a huge private-equity buy in the fourth quarter, deploying more than $1.1 billion.

The beneficiaries of the $112 billion pension's largesse include firms both familiar and new. A substantial chunk went to Kohlberg Kravis Roberts' Special Situations Fund as part of a $3 billion special account set up two years ago. KKR got $200 million in new money, Buyouts magazine reports.

Another firm with a similar arrangement, Apollo Global Management, also received new commitments, as did the Blackstone Group's GSO Capital Solutions Fund II, which received $200 million.

Silver Lake Partners and Wayzata Investment Partners each received $150 million. Energy Capital Partners received $100 million.

Texas Teachers has a 12% private equity target.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of