New York (HedgeCo.net) – The seventh-largest U.S. public pension fund is reported to be investing $200 million in Asia private equity hedge funds.
Bloomberg reported this morning that the Teachers Retirement System of Texas fund has assigned $100 million each to hedge fund firms Squadron Capital and Morgan Creek Capital Management LLC to help it invest with private-equity firms that focus on emerging markets.
According to the Asian Venture Capital Journal, Asia private-equity investments in have reached $25 billion since July, overtaking the $22.4 billion total for the first half.
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