Texas Teachers Pours $1.1 Billion Into Private Equity

Jan 31 2013 | 12:12pm 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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...