The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 19 hours ago
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.