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Texas Teachers places $250 million in buyout, real estate funds

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Texas Teacher Retirement System, Austin, committed a total of $250 million to two alternatives funds, according to an email from Rob Maxwell, spokesman for the $193.1 billion pension fund.

The pension fund committed $150 million to Baring Asia Private Equity Fund VIII, an Asia-Pacific buyout fund managed by Baring Private Equity Asia. It also committed $100 million to Almanac Realty Securities IX, a closed-end, value-added real estate fund managed by Almanac Realty Investors.

Both commitments were made in September and the retirement system had an existing relationship with both managers, Mr. Maxwell said.

As of June 30, the pension fund had an asset allocation of 16.3% to private equity and 12.5% to real estate.