The Teacher Retirement System of Texas (TRS), the largest public pension fund in the state of Texas, has committed a total of $450 million to funds managed by real estate investor Greystar Asia and global buyout firm TPG Capital.
The pension fund’s filing showed that it committed $150 million to Greystar Equity Partners Asia Pacific Fund I, the latest Pan-Asia vehicle of Greystar Asia Pacific, and a total of $300 million to TPG Healthcare Partners II and TPG Partners IX.