T
he Teacher Retirement System of Texas in Austin is expanding its private market investments, which now account for 33% of the $208.3 billion fund's total assets. In July, the pension fund added $775 million to its private markets exposure through key commitments to real estate, venture, and buyout funds. This growth brings the total private markets allocation to $78 billion.

    The Teacher Retirement System has been increasing its private market investments in recent years, driven by a desire for diversification and potential long-term returns. The fund's managers are seeking opportunities that can provide stable income and capital appreciation, while also aligning with their investment goals and risk tolerance.

    As the pension fund continues to grow its private markets exposure, it is likely to remain a significant player in the alternative investments space. Its commitment to private equity, real assets, and other non-traditional asset classes reflects a broader trend among institutional investors seeking to diversify their portfolios and capture returns that are not available through traditional public market investments.