The Texas Teacher Retirement System (TRS) Pension Fund is committed to investing in the TPG Asia VIII Fund (TPG Asia VIII) 1.$2.5 billion。According to the pension fund's latest monthly report, the pledge was approved by the TRS on Sept. 7..Part of the total $10.6 billion commitment。

TPG Asia VIII is committed to growth acquisitions and structured and opportunistic minority equity investments in Asia Pacific companies.。The fund was launched in 2022, three years after TPG raised a total of $4.6 billion for its predecessor fund.。

In November 2022, the fund completed its initial fundraising of $3.4 billion, more than half of its target of $6 billion.。Like its predecessor fund, TPG Capital Asia VIII will focus on acquisitions in the Asia region.。iNova Pharmaceuticals, an independent consumer healthcare and pharmaceutical products company in the Asia-Pacific region, is one of the assets in the fund's portfolio.。

In the first quarter of this year, TPG raised $2 billion and as of March 31, its assets under management amounted to $137.1 billion, up 14% year-on-year.。However, due to market volatility and global macroeconomic uncertainty, the Fund is lowering its overall funding target by at least 13 per cent.。

According to the fund's first-quarter earnings call, the buyout fund lowered the overall target of its current flagship funds in the market (TPG Healthcare Partners II, TPG Rise Fund III, TPG Partners IX and TPGAsiaVIII) from $27.5 billion to $23 billion to $24 billion.。

In April, TPG sold its stake in Indian healthcare service platform Manipal health Enterprises from TPG Capital Asia VI to Singapore's sovereign wealth fund Temasek for an undisclosed amount.。The fund earlier said it would reinvest in Manipal through its current Asian fund.。

The buyout giant also announced that its second tech-focused fund ended up closing at $3.4 billion, beating its $3 billion target.。Moreover, the commitments raised for TPG Tech Adjacencies II and related instruments have more than doubled the amount raised by the first fund in 2018.。

Last year, TRS committed to TPG Healthcare Partners II and TPG Partners IX for a total of $300 million.。

TRS was founded in 1937 to provide retirement and related benefits to employees of Texas-supported public schools, colleges and universities.。It manages a $180 billion trust fund to fund member benefits.。