U.S. pension fund TRS of Texas commits $125m to TPG Asia vehicle

Portfolio includes Asia-Pacific health care company iNova Pharmaceuticals

The Teacher Retirement System (TRS) of Texas is betting on TPG Capital's Asia-focused buyout fund TPG Asia VIII. (NIKKEI montage/Screenshot from the TRS and TPG Capital websites)

MARS W. MOSQUEDA JR., DealStreetAsia

October 10, 2023 18:54 JST

CEBU, Philippines -- U.S. pension fund Teacher Retirement System (TRS) of Texas has committed to invest $125 million in TPG Asia VIII, the latest iteration of TPG Capital's Asia-focused buyout funds.

The commitment was part of the $710.6 million in total commitments that TRS of Texas approved in September, according to the pension fund's latest monthly commitments report.