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Teacher Retirement System of Texas

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Revision as of 21:42, 20 January 2025 by Josh Altic (contribs) (Text replacement - "Asset management companies (AMCs) contract with pension funds to manage asset investment. Some pension funds contract with multiple AMCs, some contract with a single AMC, and others make their own investment decisions without contracting with an AMC. ↵↵More than 300 AMCs as of December 2022 were members of the Net Zero Asset Managers Initiative (NZAM), and 362 asset managers as of June 2023 were investor participants in the [[Cl...)
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Teacher Retirement System of Texas
Trs-header-logo.png
Basic facts
Location:Austin, Texas
Top official:Jarvis V. Hollingsworth, chairman
Year founded:1937
Active members:2,001,974
Website:Official website
Total assets under management
2023:$213,472,526,000
See also: Public pensions in Texas

The Teacher Retirement System of Texas is a Texas state pension fund that provides retirement, disability, and survivor benefits to the state's public school, college, and university employees. The Teacher Retirement System of Texas had $213,472,526,000 ($213.4 billion ) in total assets under management as of August 31, 2023.[1]

The management of public pension funds can indicate support or opposition to environmental, social, and corporate governance (ESG) investment practices. ESG investing considers the extent to which corporations align with and promote certain non-financial standards, such as net carbon emission or corporate board diversity goals. States typically hire asset management companies (AMCs) to direct pension plan investments, some of which have ESG commitments that guide their strategies.

This article features the following sections:

Background

See also: Public pensions

The Teacher Retirement System of Texas, founded in 1937, invests the assets of and provides funding for the Teacher Retirement System of Texas (TRS) pension plan. TRS operate as defined benefit pension plans based on a formula established by Texas state law. These plans—based on the employee's length of service and salary— provide retirement, disability, and survivor benefits to the state's public school teachers, school employees, and their families[2]

The Teachers Retirement System of Texas served over 1,512,053 active members and approximately 489,921 retirees and beneficiaries as of March 2024.[1]

Pension performance overview

The following table features information about the funding level and assets managed by the Teacher Retirement System of Texas as of August 31, 2023:[1]

Teacher Retirement System of Texas pension performance (August 31, 2023)
Fiscal year Percent funded Unfunded liabilities Total assets[3]
2023 77% $26,262,914,000 $213,472,526,000

Assets and asset management

Environmental, social, and corporate governance
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• What is ESG?
• Enacted ESG legislation
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• Federal ESG rules
• ESG legislation tracker
• Economy and Society: Ballotpedia's weekly ESG newsletter

Asset management companies (AMCs) are hired to manage asset investment for state pension funds across all 50 states.

As of October 2024, 330 AMCs were members of the Net Zero Asset Managers Initiative (NZAM), and 391 AMCs were investor participants in the Climate Action 100+ initiative. Both international asset manager initiatives aimed to align the investment decisions of signatories with the goal of achieving net zero greenhouse gas emissions by 2050.[4][5]

NZAM announced on January 13, 2025, that it was suspending operations and removing the commitment statement and list of signatories from its website. The group said in a statement it would reevaluate its plans and operations in light of “[r]ecent developments in the U.S. and different regulatory and client expectations in investors’ respective jurisdictions.”[6]

List of AMCs contracting with the Teacher Retirement System of Texas

The Teachers Retirement System of Texas contracted with 816 asset management companies (AMCs) or specific funds as of June 30, 2021. Of those companies, 34 were investor participants in Climate Action 100+, and 75 were members of NZAM, as of 2024. The following list identifies the AMCs (and in some cases, the specific funds) contracting with the Teachers Retirement System of Texas:[7]

  • Abacus Multi‐Family Partners V LP Abacus Capital Group LLC
  • Aberdeen Emerging Asia Pacific II (Offshore), L.P. Aberdeen Capital Management LLC
  • Actis Arroyo PIV LP Actis GP LLP (NZAM)
  • Actis Energy (NZAM)
  • Actis Energy (NZAM)
  • Actis Long Life Infrastructure Fund LP Actis GP LLP (NZAM)
  • Adelphi Capital Partners
  • Advent International GPE VI‐A Limited Partnership Advent International Corporation, Manager
  • Advent International GPE VII‐C Limited Partnership Advent International Corporation, Manager
  • Aeolus Investment Management, LLC
  • AEW Core Property Trust (U.S.), Inc. AEW Capital Management, LP
  • AEW Global Investment Fund T, L.P. AEW Capital Management, LP
  • AEW Senior Housing Investors II, L.P. AEW Capital Management, LP
  • AEW Senior Housing Investors III, L.P. AEW Capital Management, LP
  • AEW Senior Housing Investors, L.P. AEW Capital Management, LP
  • AEW Value Investors Asia II, L.P. AEW Asia Limited
  • AEW Value Investors Asia III, L.P. AEW Asia Limited
  • AEW VIA II Coinvest, L.P. AEW Asia Limited
  • AEW VIA III COINVEST T, L.P. AEW Asia Limited
  • AIP Co‐Invest Feeder (NZAM)
  • Akard Street Holdings, L.P. Banner Oak Capital Partners, LP
  • Alamo L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Alamo L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Alamo L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Allstar Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Almanac Realty Securities IX, L.P. NB Alternatives Advisers, LLC
  • Almanac Realty Securities V, LP NB Alternatives Advisers, LLC
  • Almanac Realty Securities VI, L.P. NB Alternatives Advisers, LLC
  • Almanac Realty Securities VII, L.P. NB Alternatives Advisers, LLC
  • Almanac Realty Securities VIII, L.P. NB Alternatives Advisers, LLC
  • ALPHA PRIVATE EQUITY FUND (NZAM)
  • Alpine Investors VIII, LP Alpine Management Services III, LLC
  • Alterna Core Capital Assets Fund II, L.P. Alterna Capital Partners LLC
  • Alterna Core Capital Assets Fund, L.P. Alterna Capital Partners LLC
  • Alterna/Lavaca Co‐Investment Fund, L.P. Alterna Capital Partners LLC
  • Amber Co‐Investment Partners, LLC Clearlake Capital Management Opportunities, L.P.
  • American Securities Partners VII, L.P. American Securities LLC
  • American Securities Partners VIII, L.P. American Securities LLC
  • Antin Infrastructure Partners Mid Cap I‐A SCSp Antin Infrastructure Partners SAS
  • AP Highlands Co‐Invest, L.P. Apollo Co‐Investment Management, LLC
  • AP Inception Co‐Invest, L.P. Apollo Co‐Investment Management, LLC
  • AP Olympus Co‐Invest, L.P. Apollo Co‐Investment Management, LLC
  • AP Selene Co‐Invest, L.P. Apollo Management VII, L.P.
  • Apax Europe V – A, L.P. Apax Europe V GP Co. Limited
  • Apax Europe VII – A, L.P. Apax Europe VII GP Co. Limited
  • Apax VIII – A, L.P. Apax VIII GP Co. Limited
  • Apollo Alamo ENRI, L.P. Apollo Alamo GP, LLC
  • Apollo Alamo PE, L.P. Apollo Alamo GP, LLC
  • Apollo Alamo RA, L.P. Apollo Alamo GP, LLC
  • Apollo Credit Opportunity Fund II, L.P. Apollo Credit Opportunity Management, LLC
  • Apollo European Principal Finance Fund IV (Dollar A), L.P. Apollo EPF Management IV, L.P.
  • Apollo Investment Fund VI, L.P. Apollo Management VI, L.P.
  • Apollo Investment Fund VII, L.P. Apollo Management VII, L.P.
  • Apollo Parallel Partners A, L.P. Apollo Management VII, L.P.
  • Apollo SPN Management
  • Apollo SPN Management, LLC
  • Apollo Tactical Value SPN Management, LLC
  • AQR Capital Management, LLC
  • ARA Asia Dragon II Limited ARA Managers (Asia Dragon II) Pte. Ltd.
  • ARA Asia Dragon Limited ARA Managers (APF) Pte. Ltd.
  • Arrowstreet Capital, Limited Partnership
  • Arrowstreet Capital, LP
  • ARS VI (Sidecar I), L.P. NB Alternatives Advisers, LLC
  • ARS VII (Sidecar I), L.P. NB Alternatives Advisers, LLC
  • ARS VIII (SC I), L.P. NB Alternatives Advisers, LLC
  • ASP BF Co‐Invest LP American Securities LLC
  • ASP LS Co‐Invest LP American Securities LLC
  • Austin Ventures VIII, L.P. AVP Management Services, Inc.
  • Austin VI LP Bridgepoint Advisers Limited
  • Avenue Capital Management
  • Avenue Energy Opportunities Fund II, L.P. Avenue Capital Management II, L.P.
  • Avenue Energy Opportunities Fund, L.P. Avenue Capital Management II, L.P.
  • Avenue Special Situations Fund V, L.P. Avenue Capital Management II, L.P.
  • Bain Capital Fund VIII, L.P. Bain Capital Partners, LP
  • Bain Capital Partners VIII, L.P. Bain Capital Partners, LP
  • Bain Capital VIII Coinvestment Fund, L.P. Bain Capital Partners, LP
  • Baker Brothers
  • Balyasny Asset Management L.P.
  • Banner Oak BOV UK, LP Banner Oak Capital Partners, LP
  • Banner Oak BOV, LP Banner Oak Capital Partners, LP
  • Banner Oak Core Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Enhanced Core Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Industrial Acquisitions Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Industrial Development Venture II, LP Banner Oak Capital Partners, LP
  • Banner Oak Industrial Development Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Investment Fund, LP Banner Oak Capital Partners, LP
  • Banner Oak Multifamily Enhanced Core Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Multifamily Venture II, LP Banner Oak Capital Partners, LP
  • Banner Oak Multifamily Venture, LP Banner Oak Capital Partners, LP
  • Banner Oak Operating Company Fund, LP Banner Oak Capital Partners, LP
  • Baring International Investment Limited
  • BCP VII CO‐INVEST – STAR L.P. Blackstone Management Partners L.L.C.
  • BDC III Co‐investment LP Bridgepoint Advisers II Limited
  • BDC III D LP Bridgepoint Advisers II Limited
  • BDC IV A LP Bridgepoint Advisers II Limited
  • BE VI 'B' LP Bridgepoint Advisers Limited
  • BFAM Partners Cayman Ltd
  • BIF IV Co‐Invest (T), L.P. Brookfield Asset Management Private Institutional
  • BIS Brazos Infrastructure Fund, L.P. BlackRock Financial Management, Inc
  • BlackRock Alternative Advisors (NZAM, Climate Action 100+)
  • BlackRock Alternative Advisors (NZAM, Climate Action 100+)
  • BlackRock Financial Management, Inc (NZAM, Climate Action 100+)
  • BlackRock Retail Opportunity Fund, LLC BlackRock Realty Advisors, Inc. (NZAM, Climate Action 100+)
  • Blackstone / GSO Capital Solutions Fund, LP Blackstone Alternative Credit Advisors LP
  • Blackstone Alternative Solutions
  • Blackstone Alternative Solutions L.L.C
  • Blackstone Alternative Solutions L.L.C
  • Blackstone Alternative Solutions L.L.C
  • Blackstone Capital Partners IV L.P. Blackstone Management Partners IV L.L.C.
  • Blackstone Capital Partners V L.P. Blackstone Management Partners L.L.C.
  • Blackstone Capital Partners VI L.P. Blackstone Management Partners L.L.C.
  • Blackstone Capital Partners VII L.P. Blackstone Management Partners L.L.C.
  • Blackstone Capital Partners VIII L.P. Blackstone Management Partners L.L.C.
  • Blackstone Edison Managed Partners L.P. Blackstone Real Estate Advisors L.P.
  • Blackstone Energy Partners II L.P. Blackstone Management Partners L.L.C.
  • Blackstone Energy Partners III L.P., Blackstone Management Partners L.L.C.
  • Blackstone GGP Principal Transaction Partners L.P. Blackstone Real Estate Advisors L.P.
  • Blackstone GTS Co‐Invest L.P. Blackstone Management Partners L.L.C.
  • Blackstone Infrastructure Partners (Supplemental Account T) L.P. Blackstone Infrastructure Advisors L.L.C.
  • Blackstone Infrastructure Partners L.P. Blackstone Infrastructure Advisors L.L.C.
  • Blackstone Life Sciences V L.P. Blackstone Life Sciences Advisors L.L.C.
  • Blackstone Real Estate Partners Europe III L.P. Blackstone Real Estate Advisors Europe L.P.
  • Blackstone Real Estate Partners Europe IV L.P. Blackstone Real Estate Advisors Europe L.P.
  • Blackstone Real Estate Partners Europe V L.P. Blackstone Real Estate Advisors L.P.
  • Blackstone Real Estate Partners IX L.P. Blackstone Real Estate Advisors L.P.
  • Blackstone Real Estate Partners V.TE.
  • Blackstone Real Estate Partners VI.F L.P. Blackstone Real Estate Advisors L.P.
  • Blackstone Real Estate Partners VI.TE.
  • Blackstone Real Estate Partners VII.TE.
  • Blackstone Real Estate Partners VIII L.P. Blackstone Real Estate Advisors L.P.
  • Blue Holdings Co‐Invest, L.P. Kohlberg Kravis Roberts & Co. L.P.
  • BPEA Bluebonnet Partners, L.P. Baring Private Equity Asia Group Limited
  • Brandes Investment Partners, LP
  • BREP Europe VI (Cayman) L.P. Blackstone Real Estate Associates Europe VI L.P.
  • BREP Texas Trinity Fund L.P. Blackstone Real Estate Advisors L.P.
  • Bridgepoint Europe IV ‘D’ L.P. Bridgepoint Advisers Limited
  • Bridgepoint Europe V ‘B
  • Bridgewater Associates Intermediate Holdings, LP Bridgewater Associates Holdings, Inc.
  • Bridgewater Associates, LP
  • Bridgewater Associates, LP
  • Bridgewater Associates, LP
  • Brockton Capital Fund II L.P. Brockton Capital LLP
  • Brockton Capital Fund III LP Brockton Capital LLP
  • Brockton Capital Fund III Sidecar A LP Brockton Capital LLP
  • Brookfield Americas Infrastructure Fund, L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Infrastructure Fund II‐B, LP Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Infrastructure Fund III‐A L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Infrastructure Fund IV‐A, L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners II‐B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners III–B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners IV–B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners IV–B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Brookfield Strategic Real Estate Partners IV–B L.P. Brookfield Asset Management Private Institutional (NZAM)
  • Camden Multifamily Co‐Investment Fund, L.P Camden Multifamily Value Add Fund Advisor, LLC
  • Camden Multifamily Core Fund, L.P. Camden Multifamily Value Add Fund Advisor, LLC
  • Camden Multifamily Value Add Fund, L.P. Camden Multifamily Value Add Fund Advisor, LLC
  • Candover
  • Cantillon Capital Management LLC
  • Canyon‐Johnson Urban Fund III, L.P. Canyon‐Johnson Realty Management Company LLC
  • Capri Urban Investors, LLC Capri Capital Partners, LLC
  • Carlyle Europe Partners III, L.P. CIM Global LLC which is sub advised by CIM LLC
  • Carlyle Europe Partners IV, L.P. CIM Global LLC which is sub advised by CIM LLC
  • Carlyle Europe Real Estate Partners III, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Global Infrastructure Opportunity Fund, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Partners III, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Partners IV, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Partners V, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Partners VI, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Realty Partners V, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Realty Partners VII, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Star Co‐Investment Fund, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Star Co‐Investment Fund, L.P. Carlyle Investment Management L.L.C.
  • Carlyle Star Co‐Investment Fund, L.P. Carlyle Investment Management L.L.C.
  • CB Richard Ellis Strategic Partners U.S. Opportunity
  • CB Richard Ellis Strategic Partners U.S. Value
  • CBRE Europe Value Partners (NZAM)
  • CBRE French Logistics Venture SCSp SICAV‐RAIF CBRE Global Investors Luxembourg AIFM S.a.r.l (NZAM)
  • CBRE GIP US Feeder Vehicle, LP CBRE GLOBAL INVESTMENT PARTNERS LIMITED (NZAM)
  • CBRE Spanish Logistics Feeder SCSp CBRE Global Investors Luxembourg AIFM S.a.r.l (NZAM)
  • CBRE Strategic Partners (NZAM)
  • CBRE Strategic Partners U.S. Value (NZAM)
  • CBRE Strategic Partners U.S. Value (NZAM)
  • CBRE Strategic Partners U.S. Value (NZAM)
  • CBRE Strategic Partners U.S. Value (NZAM)
  • CBRE U.S. Development Partners (NZAM)
  • CBRE Wood Partners Development (NZAM)
  • CBRE Wood Partners Development Fund (NZAM)
  • CCMP Capital Investors III, L.P. CCMP Capital Advisors, LLC
  • CCP IX LP No.
  • CCP VIII LP No.
  • CD&R Market Co‐Investor, L.P. Clayton, Dubilier & Rice, LLC
  • Cerberus Institutional Partners, L.P. – Series Four Cerberus Institutional Management II, LLC
  • CH Holding L.P. Kohlberg Kravis Roberts & Co. L.P.
  • CHK Mid‐Con Co‐Invest Vehicle Preferred, LP GSO Capital Partners LP
  • CHK Mid‐Con Co‐Invest Vehicle Royalty, LP GSO Capital Partners LP
  • CIFC Asset Management
  • CIFC Asset Management
  • CIM Fund III, L.P. CIM Investment Advisors, LLC (NZAM)
  • CIM Urban REIT, LLC CIM Investment Advisors, LLC (NZAM)
  • Cinven Broadway Limited Partnership CINVEN PARTNERS LLP
  • Cinven Saturn Limited Partnership CINVEN PARTNERS LLP
  • Citadel Advisors LLC
  • Clayton, Dubilier & Rice Fund IX, L.P. Clayton, Dubilier & Rice, LLC
  • Clayton, Dubilier & Rice Fund VIII, L.P. Clayton, Dubilier & Rice, LLC
  • Clayton, Dubilier & Rice Fund X, L.P. Clayton, Dubilier & Rice, LLC
  • Clayton, Dubilier & Rice Fund XI, L.P. Clayton, Dubilier & Rice, LLC
  • Clearlake Capital Partners V, L.P. Clearlake Capital Management V, L.P.
  • Clearlake Capital Partners VI, L.P. Clearlake Capital Management VI, L.P.
  • Clearlake Capital Partners VII, L.P. Clearlake Capital Management VII, L.P
  • CMK Buyout Investor, LLC CMK Buyout Manager, LLC
  • CMTG Investor, L.P. NB Alternatives Advisers, LLC
  • CMTG TT Participation Investor, LP Claros REIT Management LP
  • Co‐Invest Platform (No.
  • Co‐Invest Platform (No.
  • Co‐Invest Platform (No.
  • Colony Distressed Credit Fund, L.P. Colony Capital Investment Advisors, LLC
  • Colony Investors VIII, L.P. Colony Capital Investment Advisors, LLC
  • Cousins Properties Office Fund II, L.P. Cousins Properties LP
  • CPI Capital Partners Europe L.P. AGRE Europe Legacy Management, LLC
  • Crestview Advisors II, L.P. Crestview Advisors, L.L.C.
  • Crestview Advisors III (FF), L.P. Crestview Advisors, L.L.C.
  • Crestview Advisors III, L.P. Crestview Advisors, L.L.C.
  • Crestview III ETS Co‐Investors, LLC Crestview Advisors, L.L.C.
  • Crestview Partners IV (Bluebonnet), L.P. Crestview Advisors, L.L.C.
  • Crestview Partners IV, L.P. Crestview Advisors, L.L.C.
  • CVC Capital Partners Asia Pacific III L.P. CVC Capital Partners Advisory Company Limited
  • CVC European Equity Partners III L.P. CVC Capital Partners Advisory Company Limited
  • CVC European Equity Partners IV (D) L.P. CVC Capital Partners Advisory Company Limited
  • CVC European Equity Partners Tandem Fund (A) L.P CVC Capital Partners Advisory Company Limited
  • CVC European Equity Partners V (B) L.P CVC Capital Partners Advisory Company Limited
  • DC Front Range Holdings I, LP DigitalBridge Group, Inc.
  • Deer Park Road Management
  • Dewback Infrastructure, L.P. DigitalBridge Group, Inc.
  • Diamond Liquidating LLC BlackRock Diamond, Inc.
  • Diamondleaf Co‐Investment Partners, LP Clearlake Capital Group, L.P.
  • DigitalBridge Partners II, LP DigitalBridge Group, Inc.
  • DigitalBridge Partners, LP DigitalBridge Group, Inc.
  • Divco DevCo Assembly Row, LP Divco West Real Estate Services, LLC
  • Divco DevCo Burlingame, LP Divco West Real Estate Services, LLC
  • DivcoWest Fund V, LP DivcoWest Real Estate Services, LLC
  • DivcoWest Fund VI‐A, LP DivcoWest Fund VI Advisor, LLC
  • Dragon Co‐Investment Partners, L.P. Clearlake Capital Group, L.P.
  • DW NP Holdings, LP Divco West Real Estate Services, LLC
  • Dyal Capital Partners III Co‐Invest Horizon (US) LP. NB Alternatives Advisers, LLC
  • Dyal Zeus Co‐Investment Partners IX LP NB Alternatives Advisers, LLC
  • Dyal Zeus Offshore III LP NB Alternatives Advisers, LLC
  • Echo Minerals, L.P. Echo Minerals Management V, LLC
  • EFM Moda Holdings, L.P. EnCap Investment L.P. and Flatrock Energy Advisors,
  • EI AV Fund, L.P. Equity International Management, LLC
  • EI Fund V, L.P. Equity International Management, LLC
  • EIG Energy Fund XV, L.P. EIG Management Company, LLC
  • EIG Energy Fund XVI, L.P. EIG Management Company, LLC
  • Element Capital Management LLC
  • Element Co‐Investment Limited Partnership Bridgepoint Advisers Limited
  • Element II Co‐Investment Limited Partnership Bridgepoint Advisers Limited
  • Empire RR Energy, L.P. Energy Capital Partners Management, LP
  • EnCap Energy Capital Fund IX, L.P. EnCap Investment L.P.
  • EnCap Energy Capital Fund VII, L.P. EnCap Investment L.P.
  • EnCap Energy Capital Fund X, L.P. EnCap Investment L.P.
  • EnCap Energy Capital Fund XI, L.P. EnCap Investment L.P.
  • EnCap Energy Infrastructure Fund, L.P. EnCap Investment L.P. and Flatrock Energy Advisors,
  • EnCap Flatrock Midstream Fund II, L.P. EnCap Investment L.P. and Flatrock Energy Advisors,
  • Encap Flatrock Midstream Fund III, L.P. EnCap Investment L.P. and Flatrock Energy Advisors,
  • EnCap Flatrock Midstream Fund IV, L.P. EnCap Investment L.P. and Flatrock Energy Advisors,
  • Energy Capital Partners III‐A, LP Energy Capital Partners Management III, LP
  • Energy Capital Partners IV‐A, LP Energy Capital Partners Management, LP
  • EPISO
  • EQT Infrastructure III (No. (NZAM)
  • EQT Infrastructure IV (No. (NZAM)
  • EQT Infrastructure V (No. (NZAM)
  • EQT IX (NO. (NZAM)
  • EQT Real Estate II (NO. (NZAM)
  • EQT VII (No. (NZAM)
  • EQT VIII (NO. (NZAM)
  • EQT VIII Co‐Investment (A) SCSp EQT Fund Management S.à r.l. (NZAM)
  • ESCF Germany S.à r.l CBRE ESCF MANAGEMENT B.V.
  • ExodusPoint Capital Management, LP
  • Falcon Energy Opportunities Fund, L.P. Avenue Capital Management II, L.P.
  • Falfurrias Capital Partners V, LP Falfurrias Management Partners LP
  • FC Co‐Investment Partners, L.P. Colony Capital Investment Advisors, LLC
  • Fir Tree Partners
  • Fir Tree Partners
  • Fir Tree Partners
  • First Reserve Fund IX, LP FRC Founders Corporation
  • First Reserve Fund X, L.P. FRC Founders Corporation
  • First Reserve Fund XI, L.P. FRC Founders Corporation
  • First Reserve Fund XII, L.P. First Reserve XII Advisors, L.L.C.
  • First Reserve Fund XIV, L.P. First Reserve XIV Advisors, L.L.C.
  • First Reserve Refuel Fund, L.P. First Reserve XIII Advisors, L.L.C.
  • Five Mile Capital Partners II LP Five Mile Capital Partners LLC
  • Fortress Investment Group
  • Forum Asian Realty Income II, L.P. Forum Partners Investment Management LLC
  • Forum Asian Realty Income III L.P. Forum Partners Investment Management LLC
  • Forum European Realty Income III, L.P. Forum Partners Investment Management LLC
  • FR Ascent Co‐Investment, L.P. First Reserve XII Advisors, L.L.C.
  • FR BR Midstream, L.P. First Reserve XIII Advisors, L.L.C.
  • FR Finalizer, L.P. First Reserve XIV Advisors, L.L.C.
  • Fudo Capital II L.P CLSA Capital Partners (HK) Limited
  • Fudo Capital III L.P. CLSA Capital Partners (HK) Limited
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management
  • GCM Grosvenor Capital Management 2005 250,000,000 263,122,233 375,858,898 8,162,833 7.3% 12/31/2021
  • GCM Grosvenor Capital Management 2007 300,000,000 368,250,571 479,501,849 49,588,353 9.2% 12/31/2021
  • GCM Grosvenor Capital Management 2008 100,000,000 98,875,121 135,868,278 45,394,626 13.5% 12/31/2021
  • GCM Grosvenor Emerging Opportunities Fund (
  • GCM Grosvenor Emerging Opportunities Fund (
  • GCM Grosvenor Emerging Opportunities Fund (2005‐1
  • GCM Grosvenor Emerging Opportunities Fund (2007‐1
  • GCM Grosvenor Emerging Opportunities Fund (2008‐1 Re‐
  • GCM Grosvenor Emerging Opportunities Fund (2008‐2
  • GEPIF III Side Car T, L.P. BlackRock Alternatives Management, LLC
  • GIP Aquarius Fund, SCSp Global Infrastructure Management, LLC
  • Glen Point Capital LLP
  • Global Energy & Power Infrastructure Fund II, L.P. BlackRock, Inc.
  • Global Energy & Power Infrastructure Fund III F, L.P. BlackRock, Inc.
  • Global Energy & Power Infrastructure Fund, L.P. BlackRock, Inc.
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Goldman Sachs & Co. LLC (Climate Action 100+)
  • Great Hill Equity Partners
  • Great Hill Equity Partners VI
  • Great Hill Equity Partners VII‐Pref, L.P. Great Hill Partners, L.P.
  • Great Hill Partners
  • Great Hill Partners
  • Green Equity Investors V, L.P. Leonard Green & Partners, L.P.
  • Green Equity Investors VI, L.P. Leonard Green & Partners, L.P.
  • Green Equity Investors VII, L.P. Leonard Green & Partners, L.P.
  • Green Equity Investors VIII, L.P. Leonard Green & Partners, L.P.
  • Greystar TT Barton Springs, LP Greystar Real Estate Partners, LLC
  • Greystar TT St. Pete Hotel, LP Greystar Real Estate Partners, LLC
  • Greystar TT, LP Greystar Real Estate Partners, LLC
  • GSO Capital Opportunities Fund III LP GSO Capital Partners LP
  • GSO Capital Solutions Fund II, LP Blackstone Alternative Credit Advisors LP
  • GSO Capital Solutions Fund III LP Blackstone Alternative Credit Advisors LP
  • GSO Co‐Investment Fund‐D LP GSO Capital Partners LP
  • GSO Energy Partners‐D LP GSO Capital Partners LP
  • GTCR (LP Investors) LP GTCR LLC
  • GTCR Strategic Growth Fund I/A&B LP GTCR LLC
  • GTCR XIII/A&B LP GTCR LLC
  • Guadalupe Partner LP USAA Equity Advisors, LLC
  • H&F Flashdance Partners I, LP Hellman & Friedman LLC
  • H&F Unite Partners, L.P. Hellman & Friedman LLC
  • Harrison Street Real Estate Partners VII‐A, L.P. Harrison Street Advisors, LLC
  • Harrison Street Real Estate Partners VIII, L.P. Harrison Street Advisors, LLC
  • HB Estrela I LP Hines Interests LP
  • HB Holdings, L.P. TA Associates Management, L.P.
  • Heitman America Real Estate Trust, L.P. Heitman America Real Estate Trust, LLC
  • Hellman & Friedman Capital Partners IX, L.P. Hellman & Friedman LLC
  • Hellman & Friedman Capital Partners V, L.P. Hellman & Friedman LLC
  • Hellman & Friedman Capital Partners VI, L.P. Hellman & Friedman LLC
  • Hellman & Friedman Capital Partners VIII, L.P. Hellman & Friedman LLC
  • Hg Genesis (NZAM)
  • Hg Saturn (NZAM)
  • HgCapital
  • HgCapital
  • HgCapital
  • HgCapital Principal Opportunities, L.P. Hg Pooled Management Limited
  • Highland Capital Partners VI‐B Limited Partnership Highland Capital Partners LLC
  • Hillhouse Capital
  • Holdco
  • Hony Capital Fund VIII (Cayman), L.P. Hony Capital VIII Management Limited
  • Houston BBP, L.P. Lionstone Partners, LLC
  • HSREP VII Co‐Investment
  • HSREP VIII Co‐Investment
  • Hunt Commercial Realty Partners II, L.P. Hunt Investment Management, LLC
  • Hunt Commercial Realty Partners III, L.P. Hunt Investment Management, LLC
  • Igloo Co‐Invest LLC Igloo Manager Co‐Invest, LLC
  • Independence Energy Co‐Invest L.P Kohlberg Kravis Roberts & Co. L.P.
  • Independent Star Venture S.A.R.L. AXA Real Estate Investment Managers UK Limited
  • Index Trust T IDR Investment Management, LLC
  • Infra Investors II LP Global Infrastructure Management, LLC
  • Infrastructure Co‐Investment Partners II, LP Morgan Stanley Infrastructure Inc.
  • InfraVia European Fund V SCSp InfraVia Capital Partners
  • Insight Partners XI, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Insight Partners XII Buyout Annex Fund, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Insight Partners XII, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Insight Venture Partners IX, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Insight Venture Partners VIII, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Insight Venture Partners X, L.P. Insight Venture Management, LLC (Climate Action 100+)
  • Invesco Real Estate GPA, L.P. Invesco Advisers, Inc. (NZAM)
  • Invesco Real Estate Pan Asia Credit I, L.P. IRE (Cayman) Limited (NZAM)
  • Invesco San Jacinto Core Fund, LP Invesco Realty, Inc. (NZAM)
  • Invesco Trust Company (NZAM)
  • Invesco U.S. Income Fund, L.P. Invesco Advisers, Inc. (NZAM)
  • Invesco U.S. VA Parallel Fund IV – (NZAM)
  • Invesco U.S. Value‐Add Fund V, L.P. Invesco Advisers, Inc. (NZAM)
  • Invesco U.S. Value‐Add Sidecar V One, L.P. Invesco Advisers, Inc. (NZAM)
  • Iron Point Real Estate Partners ‐ TE, L.P. Iron Point Partners, LLC
  • Iron Point Real Estate Partners II ‐ TE, L.P. Iron Point Partners, LLC
  • Iron Point Real Estate Partners III Co‐Investment (T), L.P. Iron Point Partners, LLC
  • Iron Point Real Estate Partners III, L.P. Iron Point Partners, LLC
  • Ithaca L.P. Permira Europe B.V.
  • J.H. Whitney VI, L.P. J.H. Whitney VI Management Co., LLC
  • J.P. Morgan Investment Management Inc. (NZAM)
  • JP Morgan Investment Management, Inc. (NZAM)
  • JPMorgan Chase Bank, N.A.
  • Kelso Investment Associates VII, L.P. Kelso & Company
  • Kelso Investment Associates VIII, L.P. Kelso & Company
  • KKR
  • KKR AMG Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Associates TV SPN
  • KKR Brazil Aggregator L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Credit Fund Advisors LLC
  • KKR Eagle Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Heford Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Natural Resources I L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Omega Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • KKR Palo Verde Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Kohlberg Investors IX‐B, L.P. Kohlberg & Company, L.L.C.
  • Kohlberg Investors VIII‐B, L.P Kohlberg & Company, L.L.C.
  • Kohlberg Kravis Roberts & Co. L.P.
  • Kohlberg Star Trinity, L.P. Kohlberg & Company, L.L.C.
  • Kohlberg TE Investors VI, L.P. Kohlberg & Company, L.L.C.
  • Kohlberg TE Investors VII‐B, L.P. Kohlberg & Company, L.L.C.
  • L&B Diversified Strategy Partners, LP L&B Realty Advisors, LLP
  • LaSalle Genco, L.P. LaSalle Investment Management, Inc. (NZAM)
  • LaSalle Medical Office Fund III, LP LaSalle Investment Management, Inc. (NZAM)
  • LaSalle Property Fund, L.P. LaSalle Investment Management, Inc. (NZAM)
  • Lee Equity Partners Fund, L.P. Lee Equity Partners, LLC
  • Lightspeed SPV I‐B, LLC LS SPV Management, LLC
  • Lightspeed Venture Partners Select II, L.P. Lightspeed Management Company, LLC
  • Lightspeed Venture Partners Select III, L.P. Lightspeed Management Company, LLC
  • Lightspeed Venture Partners Select IV, L.P. Lightspeed Management Company, LLC
  • Lightspeed Venture Partners Select, L.P. Lightspeed Management Company, LLC
  • Lindsay Goldberg III L.P. Goldberg Lindsay & Co. LLC
  • Lindsay Goldberg IV L.P. Goldberg Lindsay & Co. LLC
  • Lion Capital Fund I, L.P. Lion Capital LLP
  • Lion Capital Fund II, L.P. Lion Capital LLP
  • Lion Capital Fund III (USD), L.P. Lion Capital LLP
  • Lionstone Partners, LLC
  • Lionstone U.S. Value‐Add Five, L.P. Lionstone Partners, LLC
  • Lionstone US Value‐Add Four, L.P. Lionstone Partners, LLC
  • Lone Star Fund IX (U.S.), L.P. Lone Star Management Co. IX, Ltd
  • Lone Star Fund X (U.S.), L.P. Lone Star Management Co. X, Ltd
  • Lone Star Fund XI, L.P. Lone Star Management Co. XI, Ltd
  • Lone Star Real Estate Fund
  • Lone Star Real Estate Fund II (U.S.), L.P. Lone Star R.E. Management Co. II, Ltd
  • Lone Star Real Estate Fund III (U.S.), L.P. Lone Star R.E. Management Co. III, Ltd
  • Lone Star Real Estate Fund IV (U.S.), L.P. Lone Star R.E. Management Co. IV, Ltd
  • Lone Star Real Estate Fund V (U.S.), L.P. Lone Star R.E. Management Co. V, Ltd
  • Lone Star Real Estate Fund VI, L.P. Lone Star Real Estate Partners VI, L.P.,
  • Luxor Capital Group, LP
  • Luxor Capital Group, LP
  • LVA
  • LVA
  • MacFarlane Urban Real Estate Fund II, L.P. MacFarlane Urban Real Estate Fund Management, LLC
  • Mack Real Estate Finance, L.P. Mack Real Estate Credit Strategies, L.P.
  • Madison Canal, L.P. Equity International Management, LLC
  • Madison Dearborn Capital Partners IV, L.P. Madison Dearborn Partners IV, L.P
  • Madison International Prime Property Investors Series I, LP Madison International Prime Property Realty, LLC
  • Madison International Prime Property Investors Series II,
  • Magnetar Financial LLC
  • Magnetar Financial LLC
  • Magnetar Financial LLC
  • Man Group (Climate Action 100+)
  • Man Group (Climate Action 100+)
  • Marathon Asset Management LLP
  • Marathon Asset Management LLP
  • Marshall Wace LLP (Climate Action 100+)
  • Marshall Wace LLP (Climate Action 100+)
  • Marshall Wace LLP (Climate Action 100+)
  • Marshall Wace, LLP (Climate Action 100+)
  • Marvel Co‐Invest, L.P. CCMP Capital Advisors, LLC
  • MBF Co‐Invest L.P. Kohlberg Kravis Roberts & Co. L.P.
  • Mezzanine Partners II, L.P. HPS Mezzanine Partners II, LLC
  • Mezzanine Partners, L.P. HPS Mezzanine Partners, LLC
  • Millennium Management LLC
  • Monashee Investment Management
  • Monashee Investment Management
  • Morgan Creek Partners Asia, LP Morgan Creek Capital Management, LLC
  • Morgan Stanley Investment Management Inc
  • Morgan Stanley Investment Management, Inc
  • Morgan Stanley RE Mezzanine Partners A, L.P. MSRE Mezzanine‐GP, LLC
  • MREF TT Co‐Invest LP Mack Real Estate Credit Strategies, L.P.
  • Nautic Partners V, L.P. Nautic Partners, LLC
  • NEA
  • NEA
  • Neoma Global Growth Markets Strategic Fund (B) L.P. Actis LLP
  • Neuberger Berman Asia Limited (NZAM, Climate Action 100+)
  • Neuberger Berman Investment Advisers LLC (NZAM, Climate Action 100+)
  • Neuberger Berman Investment Advisers LLC Neuberger Berman Investment Advisers LLC (NZAM, Climate Action 100+)
  • New Enterprise Associates
  • New Enterprise Associates
  • New Enterprise Associates
  • New Enterprise Associates
  • New Enterprise Associates
  • New Enterprise Associates
  • NGP Naboo, L.P. NGP Energy Capital Management, L.L.C.
  • NGP Natural Resources XII, L.P. NGP Energy Capital Management, L.L.C.
  • Nordic Capital V, L.P. Nordic Capital V Limited
  • North Haven Infrastructure Partners II, LP Morgan Stanley Infrastructure Inc.
  • North Haven Infrastructure Partners III SCSp Morgan Stanley Infrastructure Inc.
  • North Haven Infrastructure Partners, LP Morgan Stanley Infrastructure Inc.
  • Nova Infrastructure Co‐Investment Partners III LP Morgan Stanley Infrastructure Inc.
  • Numeric Investors LLC
  • Nuveen Ag Infrastructure Fund, LP Nuveen Alternative Advisors LLC (Climate Action 100+)
  • Oak Investment Partners X, Limited Partnership Oak Management Corporation
  • Oak Investment Partners XI, Limited Partnership Oak Management Corporation
  • Oak Investment Partners XII, Limited Partnership Oak Management Corporation
  • Oak Street Real Estate Capital Net Lease Property Fund, LP. Oak Street Real Estate Capital, LLC
  • Oaktree Avalon Co‐Investment Fund II, L.P. Oaktree Capital Management, L.P.
  • Oaktree European Principal Fund III (U.S.), L.P. Oaktree Capital Management, L.P.
  • Oaktree Opportunities Fund IX, L.P. Oaktree Capital Management, L.P.
  • Oaktree Opportunities Fund VIII, L.P. Oaktree Capital Management, L.P.
  • Oaktree Opportunities Fund VIIIb, L.P. Oaktree Capital Management, L.P.
  • Oaktree Opportunities Fund X, L.P. Oaktree Capital Management, L.P.
  • Oaktree Opportunities Fund Xb, L.P. Oaktree Capital Management, L.P.
  • Oaktree Power Opportunities Fund VI, L.P. Oaktree Capital Management, L.P.
  • Oaktree Real Estate Opportunities Fund VI, L.P. Oaktree Capital Management, L.P.
  • Oaktree Real Estate Opportunities Fund VII, L.P. Oaktree Capital Management, L.P.
  • Oaktree Special Situations Fund II, L.P. Oaktree Capital Management, L.P.
  • Oaktree Special Situations Fund, L.P. Oaktree Capital Management, L.P.
  • Oaktree Star Investment Fund II, L.P. Oaktree Capital Management, L.P.
  • Oasis Capital Partners
  • Oasis Management Company Ltd.
  • OCM Avalon Co‐Investment Fund, L.P. Oaktree Capital Management, L.P.
  • OCM Opportunities Fund VI, L.P. Oaktree Capital Management, L.P.
  • OCM Opportunities Fund VII, L.P. Oaktree Capital Management, L.P.
  • OCM Opportunities Fund VIIb, L.P. Oaktree Capital Management, L.P.
  • OCM STR Co‐Invest
  • OMNIA Coinvest LP Leonard Green & Partners, L.P.
  • Onex Partners
  • Onex Partners II LP Onex Partners Manager LP
  • Onex Partners III LP Onex Partners Manager LP
  • Onex Partners LP Onex Partners Manager LP
  • Orchard Global Asset Management
  • Orchard Global Asset Management
  • Orchid Asia VII, L.P. Orchid Asia V Group Management, Limited
  • Orchid Asia VIII, L.P. Orchid Asia V Group Management, Limited
  • P2 Capital Partners, LLC
  • Padawan, L.P. Paine Schwartz Partners Fund V Management LLC
  • PAI Europe VII‐A S.L.P. PAI Partners S.à r.l.
  • PAI Liberty VII SCSp PAI Partners S.à r.l.
  • PAI Partners VIII‐
  • Paine Schwartz Food Chain Fund V, L.P. Paine Schwartz Partners Fund V Management LLC
  • Pamonco Neuf, L.P. Westbrook Partners
  • Parvus Asset Management (UK) LLP
  • Patria – Brazilian Private Equity Fund V (Ontario) SF‐A, L.P Pátria – Brazilian Private Equity General Partner V, Ltd.
  • Patria – Brazilian Private Equity Fund V (Ontario) SF‐B, L.P Pátria – Brazilian Private Equity General Partner V, Ltd.
  • Patria – Brazilian Private Equity Fund V (Ontario) SF‐D, L.P Pátria – Brazilian Private Equity General Partner V, Ltd.
  • Patria – Private Equity Fund VI, L.P. Patria – Private Equity General Partner VI, Ltd.
  • Patria‐Brazilian Private Equity Fund IV, L.P Patria‐Brazilian Private Equity General Partner IV, Ltd.
  • PBC Allandale, LP Pennybacker Capital, LLC
  • PBPE Fund V (Ontario), L.P. PBPE General Partner V, Ltd.
  • PCCP Clipper Venture I, L.P. PCCP, LLC
  • PCCP Equity IX, LP PCCP, LLC
  • PCCP Equity VII, L.P. PCCP, LLC
  • PCCP Equity VIII, LP PCCP, LLC
  • PCCP Mezzanine Recovery Partners II, L.P. PCCP, LLC
  • PDT Partners LLC
  • PDT Partners LLC
  • Peak Rock Capital Fund III LP Peak Rock Capital LLC
  • PecosCo Limited Partnership Certares Management, Ltd.
  • Pennybacker EIV, LP Pennybacker Capital, LLC
  • Pennybacker Evergreen Partners, LP Pennybacker Capital, LLC
  • Pennybacker V, LP Pennybacker Capital, LLC
  • Permira Europe III Permira Europe B.V.
  • Permira Growth Opportunities I L.P.
  • Permira Growth Opportunities II SCSp Permira Portfolio Management Limited
  • Permira IV Permira Europe B.V.
  • Permira Star Opportunities SCSp Permira Investment Advisers Limited
  • Permira V Permira Europe B.V.
  • Permira VI Permira Investment Advisers Limited
  • Permira VII L.P.
  • Pharo Global Advisors Limited
  • PLA Residential Fund III, L.P. PGIM Real Estate
  • PLA Residential Fund IV, L.P. PGIM Real Estate
  • PLA Retail Fund I, LP PGIM Real Estate
  • Platinum Equity Capital Partners II, L.P. Platinum Equity Advisors, LLC
  • Polaris Venture Partners IV, L.P. Polaris Venture Management Company IV, L.L.C
  • Polymer Capital Management HK Limited (NZAM, Climate Action 100+)
  • PREI Mezzanine Fund I, LP PGIM Real Estate
  • Prime Property Fund, LLC Morgan Stanley Real Estate Advisor, Inc.
  • Principal Green Property Fund I, LP Principal Real Estate Investors, LLC
  • Principal Green Property Fund II, LP Principal Real Estate Investors, LLC
  • Principal Green Property Fund Sidecar I, LP Principal Real Estate Investors, LLC
  • Principal Green Property Fund Sidecar II, LP Principal Real Estate Investors, LLC
  • Principal Real Estate Strategic Debt Fund I, LP Principal Real Estate Investors, LLC
  • Principal Strategic Opportunity Fund III, LP Principal Real Estate Investors, LLC
  • PRISA II PGIM Real Estate
  • PRISA PGIM Real Estate
  • Project Akerland* N/A
  • Project Champ* N/A
  • Project Clarity
  • Project Fast* N/A
  • Project Kenobi* N/A
  • Project Magni* N/A
  • Project Ski* N/A
  • Project TRS RE E* N/A
  • Project TRS RE G* N/A
  • Project TRS RE H* N/A
  • Project TRS RE I* N/A
  • Project TRS RE U* N/A
  • Prologis MX Fund LP Prologis, Inc.
  • Prologis Targeted U.S. Logistics Fund, L.P Prologis, L.P.
  • Providence Equity Partners V L.P. Providence Equity Partners L.L.C.
  • Providence Equity Partners VI L.P. Providence Equity Partners L.L.C.
  • PSG V L.P. Providence Strategic Growth Capital Partners L.L.C.
  • Quad‐C Partners VI, L.P. Quad‐C VI Managment Corp.
  • Quad‐C Partners VII Co‐Investment, L.P. Quad‐C VII Managment LP
  • Quad‐C Partners VII, L.P. Quad‐C VII Management LP
  • Quartz Co‐Invest, L.P. CCMP Capital Advisors, LLC
  • Ranger Co‐Investment Fund A ‐ L.P. LaSalle Investment Management, Inc.
  • Ranger Co‐Investment Fund II ‐ B, L.P. LaSalle Investment Management, Inc.
  • Ranger Co‐Investment Fund III, L.P. LaSalle Investment Management, Inc.
  • Red River Direct Investment Fund II, L.P. BlackRock Investment Management, LLC
  • Red River Direct Investment Fund III, L.P. BlackRock Investment Management, LLC
  • Red River Direct Investment Fund, L.P. BlackRock Investment Management, LLC
  • Red River Venture Capital Fund II L.P. J.P. Morgan Investment Management Inc.
  • Red River Venture Capital Fund L.P. J.P. Morgan Investment Management Inc.
  • RenaissanceRe Fund Management Ltd.
  • Reservoir Strategic Partners Fund Management, LP
  • Retail Co‐Invest Holdings
  • RFM KJ
  • Ridgewood Energy Oil & Gas Fund II LP Ridgewood Energy Corporation
  • Ridgewood Energy Oil & Gas Fund III LP Ridgewood Energy Corporation
  • River Washington, L.P Equity International Management, LLC
  • Riverstone Global Energy and Power Fund VI, L.P Riverstone Investment Group LLC
  • RLJ Real estate Fund III, L.P. RLJ Developement
  • Roark Capital Partners IV LP ROARK CAPITAL MANAGEMENT, LLC
  • RREEF America REIT III, Inc. RREEF America L.L.C.
  • Samson Co‐Invest II L.P. Kohlberg Kravis Roberts & Co. L.P.
  • SCG TMI Co‐Invest, L.P. Starwood Asset Management, L.L.C.
  • Scout Fund II, LP Hawkeye Partners, LP
  • SCREP VII, L.P. PAG Investment Advisors Pte. Ltd.
  • Security Capital Research & Management Incorporated Security Capital Research & Management
  • Senator Investment Group, LLC
  • Seventh Cinven Fund (No.
  • SFR JV‐
  • SFR JV‐
  • SHI Development Co‐investment I, LP AEW Capital Management, LP
  • SHI‐III Development Co‐Investment I, L.P AEW Capital Management, LP
  • Shingle Coinvest LP Leonard Green & Partners, L.P.
  • Silver Lake Partners IV, L.P. Silver Lake Management Company IV, L.L.C
  • Silver Lake Partners V, L.P. Silver Lake Management Company V, L.L.C.
  • Silver Lake Partners VI, L.P. Silver Lake Management Company V, L.L.C.
  • Sixth Street Opportunities Partners III (A), L.P. Sixth Street Opportunities III Management, LLC
  • Sixth Street Partners
  • Skywalker SIP LP Stonepeak Advisors III LLC
  • Slopes Investor LP Brookfield Asset Management Inc.
  • SLP Aurora Co‐Invest, L.P. Silver Lake Technology Associates III, L.P.
  • SLP Blue Co‐Invest, L.P. Silver Lake Management Company V, L.L.C.
  • SLP Mistral Co‐Invest, L.P. Silver Lake Group, L.L.C.
  • SLP Zephyr Investors, L.P. Silver Lake Management Company V, L.L.C.
  • Soroban Capital Partners, LLC
  • Square Mile Bronx Logistics Co‐Investment LP Square Mile Capital Management V LLC
  • Square Mile Credit Partners II‐A LP Square Mile Capital Management LLC
  • Square Mile Credit Partners LP Square Mile Capital Management LLC
  • Square Mile Media Co‐Investment LP Square Mile Capital Management V LLC
  • Square Mile OCS Co‐Investment LP Square Mile Capital Management LLC
  • Square Mile Partners III LP Square Mile Capital Management LLC
  • Square Mile Partners IV –A LP Square Mile Capital Management LLC
  • Square Mile Partners IV LP Square Mile Capital Management LLC
  • Square Mile Partners V –A LP Square Mile Capital Management LLC
  • Square Mile Partners V LP Square Mile Capital Management LLC
  • Square Mile Partners VI LP Square Mile Capital Management VI LLC
  • Square Mile Partners VI‐A LP Square Mile Capital Management VI LLC
  • Square Mile PE Partners A LP Square Mile Capital Management PE LLC
  • Square Mile S
  • Square Mile Tactical Partners II‐A LP Square Mile Capital Management Tactical II LLC
  • Square Mile Tactical Partners LP Square Mile Capital Management LLC
  • Square Mile Tactical Strategic Investor LP Square Mile Capital Management LLC
  • Square Mile TVC Co‐Investment LP Square Mile Capital Management V LLC
  • STAR RC IV LP ROARK CAPITAL MANAGEMENT, LLC
  • Star Trinity, L.P. Insight Venture Management, LLC
  • Starboard Value LP
  • Starboard Value LP
  • Starwood Distressed Opportunity Fund IX Global, L.P. Starwood Asset Management, L.L.C.
  • Starwood Distressed Opportunity Fund XII Global, L.P. Starwood Asset Management, L.L.C.
  • Starwood Opportunity Fund X Global, L.P. Starwood Asset Management, L.L.C.
  • Starwood Opportunity Fund XI Global, L.P. Starwood Asset Management, L.L.C.
  • Starwood Real Estate Securities, L.L.C. Starwood Asset Management, L.L.C.
  • SteelRiver Infrastructure Fund North America LP SteelRiver Infrastructure Management US LLC
  • Stockbridge Real Estate Fund II ‐C, LP Stockbridge Capital Group, LLC
  • Stockbridge Real Estate Fund III‐A, LP Stockbridge Capital Group, LLC
  • Stonepeak Infrastructure Fund II – T (SIDE CAR) LP Stonepeak Advisors II LLC (NZAM)
  • Stonepeak Infrastructure Fund II LP Stonepeak Advisors II LLC (NZAM)
  • Stonepeak Infrastructure Fund III LP Stonepeak Advisors III LLC (NZAM)
  • Stonepeak Infrastructure Fund IV LP Stonepeak Advisors IV LLC (NZAM)
  • Stonepeak Infrastructure Fund LP Stonepeak Advisors LLC (NZAM)
  • Strategic Real Estate Equity Fund II, LP Principal Real Estate Investors, LLC
  • Strategic Real Estate Equity Fund, LP Principal Real Estate Investors, LLC
  • Stratford Land Fund III, L.P. Ankura Consulting Group, LLC
  • Stratford Land Fund IV, L.P. Ankura Consulting Group, LLC
  • Sunshine Co‐Investment Partners, L.P. Clearlake Capital Management VI, L.P.
  • Systematica Investments Limited
  • TA X L.P. TA Associates Management, L.P.
  • TA XI L.P. TA Associates Management, L.P.
  • TA XII‐A L.P. TA Associates Management, L.P.
  • TA XIII‐A, L.P. TA Associates Management, L.P.
  • TA XIV‐A, L.P. TA Associates Management, L.P.
  • Texas Direct Infrastructure Program, L.P. GCM Grosvenor Capital Management
  • Texas Emerging Managers Legacy Private Markets Program (ENRI Series) GCM Grosvenor Capital Management
  • Texas Growth Fund ‐
  • Texas Growth Fund ‐
  • Texas Growth Fund ‐
  • Thayer Hotel Investors V LP Thayer Hotel Investors V LLC
  • The Baring Asia Private Equity Fund VI, L.P.
  • The Baring Asia Private Equity Fund VII, L.P. Baring Private Equity Asia Group Limited
  • The Baring Asia Private Equity Fund VIII, L.P. Baring Private Equity Asia Group Limited
  • The Gores Group
  • The Gores Group
  • The Resolute Fund, L.P. The Jordan Company, LLC
  • The Rock Creek Group, LP
  • The Rock Creek Group, LP
  • The Rock Creek Group, LP
  • The Rock Creek Group, LP
  • The Rock Creek Group, LP
  • THE SIXTH CINVEN FUND CINVEN PARTNERS LLP
  • The WindAcre Partnership LLC
  • Theleme Partners LLP
  • Thomas H. Lee Equity Partners V, L.P. THL Managers V, LLC
  • Tilden Park Capital Management LP
  • Timberlake L.P. Triton Investment Advisers LLP
  • TLF Logistics II, L.P. Stockbridge Capital Group, LLC
  • TPG Asia VII (A), L.P. TPG Asia VII Management LLC
  • TPG Growth II, L.P. TPG Growth II Management, LLC
  • TPG Growth III (A), L.P. TPG Growth III Management, LLC
  • TPG Growth IV, L.P. TPG Growth IV Management, LLC
  • TPG Growth Spectre Co‐Invest, L.P. TPG Growth III Management, LLC
  • TPG Growth V, L.P. TPG Growth IV Management, LLC
  • TPG Healthcare Partners, L.P. TPG Healthcare Management, LLC
  • TPG Kentucky Co‐Invest, L.P. TPG Global, LLC
  • TPG Lonestar I, L.P. TPG DASA Management, LLC
  • TPG Partners IV, L.P. TPG Capital Management, L.P.
  • TPG Partners V, L.P. TPG Capital Management, L.P.
  • TPG Partners VI, L.P. TPG VI Management, LLC
  • TPG Partners VII, L.P. TPG VII Management, LLC
  • TPG Partners VIII, L.P. TPG VIII Management, LLC
  • TPG Sixth Street Partners
  • TPG Sixth Street Partners
  • TPG STAR, L.P. TPG Capital Advisors, LLC
  • TPG Tech Adjacencies II, L.P. TPG Tech Adjacencies Management, LLC
  • TPG Tech Adjacencies, L.P. TPG Tech Adjacencies Management, LLC
  • Tricon IX, L.P. Tricon Capital Group, Inc.
  • Tristan Capital Partners LLP
  • Tristan Capital Partners LLP
  • Triton Fund II L.P. Triton Investment Management Limited
  • Triton Fund III L.P. Triton Investment Management Limited
  • Triton Fund IV L.P. Triton Investment Management Limited
  • Triton Fund V L.P. Triton Investment Management Limited
  • TRS‐ARS V (Co‐Investment), L.P. NB Alternatives Advisers, LLC
  • TSSP Institutional Credit III Management, LLC
  • TT‐EEIF Co‐Investment Funds, LLC EnCap Investment L.P. and Flatrock Energy Advisors,
  • Two Sigma Advisers, LP
  • Two Sigma Advisers, LP
  • Two Sigma Advisers, LP
  • Two Sigma Advisers, LP
  • Two Sigma Advisers, LP
  • Two Sigma Advisers, LP
  • UK Co‐Invest, L.P. Starwood Asset Management, L.L.C.
  • US Government Building Open‐End Feeder
  • US Republic Core Fund, LP USAA Real Estate Company
  • USDP
  • USEF Whisper Pooling
  • USEF Whisper Pooling, LP USAA Equity Advisors, LLC
  • Vaughan Nelson Investment Management, L.P.
  • Verition Fund Management LLC
  • Vintage I LP Goldman Sachs Asset Management, L.P.
  • Vista Equity Partners Fund VI, L.P. VEPF Management, L.P. (NZAM)
  • Vista Equity Partners Fund VII, L.P. VEPF Management, L.P. (NZAM)
  • Vista Foundation Fund III, L.P. VEPF Management, L.P. (NZAM)
  • Volt Parent, LP Energy Capital Partners Management, LP
  • Walton Street Real Estate Fund V, L.P. Walton Street Capital
  • Walton Street Real Estate Fund VI, L.P. Walton Street Capital
  • Walton Street Real Estate Sidecar V, L.P. Walton Street Capital
  • Warburg Pincus Private Equity X, L.P. Warburg Pincus LLC
  • Wayzata Opportunities Fund II, L.P. Wayzata Investment Partners LLC
  • Wayzata Opportunities Fund III, L.P. Wayzata Investment Partners LLC
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Wellington Management Company LLP (NZAM, Climate Action 100+)
  • Westbrook Partners
  • Westbrook Real Estate Fund IX, L.P. Westbrook Partners
  • Westbrook Real Estate Fund VIII, L.P. Westbrook Partners
  • Westbrook Real Estate Fund X, L.P. Westbrook Partners
  • Westbrook Real Estate Fund XI, L.P. Westbrook Partners
  • Wheelock Street Real Estate Fund VI, LP Wheelock Street Capital, LLC
  • Whipstock Co‐Investment Fund II LP Pickering Energy Partners LP.
  • Whipstock Co‐Investment Fund LP Pickering Energy Partners LP.
  • White Cypress Co‐Investment Partners, L.P. Clearlake Capital Group, L.P.
  • Whiteberry Partners LLP REVCAP Advisors Limited
  • Whitebox Advisors
  • Whitney V. L.P. Whitney
  • Willis Stein & Partners III Sub, L.P. Willis Stein & Partners
  • Wolverine Asset Management LLC
  • WorldQuant Millennium Advisors, LLC
  • WP Expedition Co‐Invest Warburg Pincus LLC
  • Zachry Hastings Infrastructure Partners Zachry Hastings Alliance
  • ZEI Co‐Invest
  • ZEI ES Co‐Invest B Special Opportunities, L.P. Equity International Management, LLC
  • Zell Equity International Fund VI, L.P. Equity International Management, LLC

Governance and accountability

This section features information about the nine-member board of trustees that oversees the Teacher Retirement System of Texas. The board is specific to oversight of the Teacher Retirement System of Texas and does not exercise oversight duties for other state funds.[8]

Board selection method

The board of trustees that oversees the Teacher Retirement System of Texas is made up of nine members. Three trustees are direct appointments of the governor. Two trustees are appointed by the governor from a list prepared by the State Board of Education. Two trustees are appointed by the governor from the three public school district member candidates who have been nominated for each position by employees of public school districts. One trustee is appointed by the governor from the three retired member candidates who are nominated by retired TRS members. One trustee is appointed by the governor from the three at-large candidates who have been nominated for the position.[8]

Board of trustees membership

A nine-member board of trustees oversees the operation and administration of the Teacher Retirement System of Texas. The following individuals served on the board as of April 2024:[8]

  • Jarvis V. Hollingsworth, chairman
  • Nannette Sisney, vice chair
  • Brittny Allred
  • Michael Ball
  • David Corpus
  • John Elliot
  • James Dick Nance
  • Robert H. Walls Jr.
  • Elvis Williams

See also

External links

Footnotes

  1. ↑ 1.0 1.1 1.2 ‘’Teacher Retirement System of Texas’’, “Annual Popular Financial Report,” August 31, 2023
  2. ↑ ‘’Teacher Retirement System of Texas’’, “About TRS,” accessed April 22, 2024
  3. ↑ Note: By default, this refers to the actuarial valuation of total assets. In some cases, the total market value of assets is shown instead. See the cited source for details.
  4. ↑ The Net Zero Asset Managers Initiative, "The Net Zero Asset Managers Initiative," accessed January 26, 2023
  5. ↑ Climate Action 100+, "The Three Goals," accessed June 20, 2023
  6. ↑ Pensions and Investments, "Net Zero Asset Managers initiative to suspend activities in wake of BlackRock departure," accessed January 15, 2024
  7. ↑ Ballotpedia, "Ballotpedia: Asset management data for state-administered pension funds across the 50 states," March 2023
  8. ↑ 8.0 8.1 8.2 ‘’Teacher Retirement System of Texas’’, “Know Your Trustees,” accessed April 22, 204
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