US pension fund Teachers’ Retirement System (TRS) of the State of Illinois has committed a total of $100 million to Hong Kong-based Baring Private Equity Asia’s eighth pan-Asia buyout fund, according to an announcement.
The commitment includes $75 million for Baring Asia Private Equity Fund VIII and another $25 million for Baring Asia Private Equity Fund VIII – Annex A. Baring currently manages $340 million in TRS assets.