Texas Teachers commits $100 million to opportunistic real estate
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Texas Teacher Retirement System, Austin, made one commitment to a private market strategy in March, according to a transaction report from the $176.9 billion defined benefit plan.
TRS real estate investment team members committed $100 million to F65 Opportunity Longhorn Fund from the system s $26.5 billion real estate portfolio.
The fund is run by existing manager
Westbrook Partners. Portfolio managers will seek investments in U.S. opportunistic real estate properties. TRS committed $100 million to the previous fund in Westbrook s fund family in 2016, a previous transaction report showed.
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Peak Rock surpasses fundraising goal with latest middle-market fund
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Peak Rock Capital has closed middle-market private equity fund Peak Rock Capital Fund III at its $2 billion hard cap, a spokeswoman said Wednesday in an email.
Peak Rock s third fund exceeded its $1.3 billion hard cap and was over-subscribed. It is also 54% larger than its predecessor that closed in 2017 $1.3 billion Peak Rock Capital Fund II.
Investors in the fund include the $155.2 billion Texas Teacher Retirement System, Austin.
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Texas weighs punishing companies that divest from fossil fuels
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A Texas state senator wants state pension funds to divest from companies that boycott fossil-fuel investments.
The Texas Senate is considering a bill that would punish companies that divest from fossil-fuel companies by requiring the state s pension plans and investment funds to divest from those companies.
Senate Bill 13, introduced Thursday by lead sponsor Republican state Sen. Brian Birdwell, would require state pension plans and investment funds to stop investing in companies that boycott energy companies.
The bill calls for the state s comptroller to prepare and maintain, and provide to each state governmental entity, a list of all companies that boycott energy companies. Those companies will then be warned by the state funds that they re on this list and have 90 days to amend their positions. If after 90 days these companies do not change their positions, then the state funds shall
Silver Lake amasses $20bn for largest-ever tech-focused buyout fund Thursday, January 14, 2021
Laxman Pai, Opalesque Asia:
Silver Lake has closed buyout fund Silver Lake Partners VI at $20 billion, reaching its hard cap, as the technology-focused private equity firm looks to focus on large-scale investments.
The raised capital includes roughly $500 million from the general partner. The fund will target global large-cap technology firms. We are very pleased with the response we have received across the board from limited partners, especially given the current environment, which we believe validates Silver Lake s strategic discipline, deep technology expertise, and intensive focus on growth, said Susannah Carrier, Managing Director and global head of fundraising and investor relations. We are grateful to our returning and new investors for entrusting Silver Lake with their capital as we continue to cultivate a culture of excellence and an alignment of interests to generat