Teachers Retirement System of Texas
Taking PE in-house: Less limited partners
Institutional investors continue to pursue more active roles in private equity, even as a souring macro backdrop makes the game harder to play. Talent is always the key variable
Asian outposts: LPs see value in a local presence
Few institutional investors have the scale, resources or mandate to establish private markets platforms within Asia. Those that do are looking to make it pay off through co-investment
Q&A: Teacher Retirement System of Texas' Eric Lang
Eric Lang, senior managing director of external private markets at Teacher Retirement System of Texas (TRS), discusses co-investment, strategic partnerships, and Asian expansion plans
Texas Teachers targets Asia growth with proposed Singapore office
Teacher Retirement System of Texas wants to use its planned Singapore base as a means of gaining direct access to private investments in the region – although the pension fund’s CIO said penetrating Asia would likely take longer than an earlier push...
US pension funds & PE: Public service remit
US public pension funds are active investors in private equity, but their asset allocation policies are influenced by stakeholders’ input and limited internal resources, as well as the desire for returns
Blackstone passes $3b mark on Asia real estate fund
The Blackstone Group has received more than $3 billion in capital commitments for its first Asia real estate fund, which is targeting $4 billion.
KKR India NBFC raises $100m from US pension fund - report
KKR India Financial Services, the global private equity firm's non-banking financial company (NBFC), has reportedly raised $100 million from The Teacher Retirement System of Texas.
CalSTRS considers separate accounts strategy
California State Teachers’ Retirement System (CalSTRS) is considering making separate account commitments to private equity firms. A similar strategy has already been employed by other pension funds like Texas Teachers’ Retirement System and New Jersey...
Pension funds still committed to pan-Asian, global funds
Institutional limited partners are becoming more nuanced in their appreciation of private equity opportunities in the region but this doesn’t necessarily signal a wholesale shift away from pan-Asian or global funds.