Fundraising FoxTeachers' Retirement System of the City of New York
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The Teachers' Retirement System of the City of New York (TRS) is a public pension fund that has served New York City's career educators since 1917, providing retirement benefits and a Tax-Deferred Annuity Program.
Source: firm website, verified Oct 1, 2026.
HQ
New York, NY, US
Founded
1917
Fund commitments · as a limited partner · 316
as of Jun 2025Private-fund positions this organization discloses in its own public filings and reports — $18.2B committed, $10.6B reported NAV. Returns are this LP's own position, net of fees.
| Fund | Manager | Vintage | Committed | NAV | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| KKR North America Fund XIV | Kohlberg Kravis Roberts | 2025 | $256.5M | — | — | — | — |
| KKR Americas XII | Kohlberg Kravis Roberts | 2016 | $223M | $295.5M | 22.9% | 2.44x | 1.09x |
| Vista Equity Partners Fund VI | Vista Equity Partners | 2016 | $223M | $215.3M | 15.8% | 1.99x | 1.23x |
| NYC-NorthBound Emerging Managers Program II | NYC-NorthBound Emerging Managers Program | 2023 | $216.5M | $11.1M | — | 1.02x | 0.00x |
| Clearlake Capital Partners VIII | Clearlake Capital Group | 2023 | $214.2M | $11.6M | — | 0.80x | 0.00x |
| NYCTRS - 2019 Emerging Manager Program*** | NYCTRS - 2019 Emerging Manager Program*** | 2019 | $212.7M | $133.3M | — | 1.45x | 0.22x |
| Thoma Bravo Fund XVI | Thoma Bravo | 2024 | $201.6M | — | — | — | — |
| NYC-NorthBound Emerging Managers Program | NYC NORTHBOUND EMERG MGRS PRGM | 2020 | $192M | $189.5M | 18.9% | 1.49x | 0.10x |
| Apax IX USD, L.P. | Apax | 2016 | $178M | $110M | 17.8% | 1.93x | 1.35x |
| CVC Capital Partners VI, L.P. | CVC Capital Partners | 2014 | $176.2M | $133.1M | 15.4% | 2.05x | 1.38x |
| Dover Street XI | HarbourVest Partners (Canada) | 2024 | $162.2M | $76M | — | 1.35x | 0.09x |
| Secondary Overflow Fund V | Secondary | 2024 | $162.2M | — | — | 1.22x | 1.22x |
| AXA Secondary Fund V L.P. | Ardian | 2011 | $160M | $147.5K | 13.6% | 1.55x | 1.54x |
| KKR North America Fund XIII | Kohlberg Kravis Roberts | 2021 | $160M | $153.4M | 6.9% | 1.12x | 0.02x |
| ASF VIII L.P. | ASF | 2018 | $158M | $126.6M | 13.6% | 1.41x | 0.39x |
| Platinum Equity Capital Partners IV, L.P. | Platinum | 2016 | $156M | $115.5M | 19.0% | 1.97x | 1.26x |
| CVC Capital Partners Fund VII, L.P. | CVC Capital Partners | 2017 | $155M | $210.8M | 20.9% | 2.13x | 0.83x |
| CVC Capital Partners VII, LP | CVC Capital Partners | 2017 | $155M | $210.8M | 20.9% | 2.13x | 0.83x |
| Insight Partners Fund XIII | Insight Partners | 2024 | $153.8M | $28.4M | — | 1.02x | 0.00x |
| Platinum Equity Capital Partners VI, L.P. | Platinum | 2022 | $152.3M | $94.9M | 10.5% | 1.15x | 0.02x |
| CVC Capital Partners VIII | CVC Capital Partners | 2021 | $150.8M | $176.3M | 10.0% | 1.25x | 0.02x |
| CVC Capital Partners IX L.P. | CVC Capital Partners | 2023 | $150.3M | $22.8M | — | 1.14x | 0.00x |
| Lexington Capital Partners VIII | Lexington Partners | 2014 | $150M | $65.2M | 14.1% | 1.65x | 1.19x |
| Lexington Capital Partners VIII LP | Lexington Partners | 2015 | $150M | $65.2M | 14.1% | 1.65x | 1.19x |
| Permira VIII | Permira | 2022 | $145.1M | $83.5M | 17.7% | 1.26x | 0.03x |
| Clearlake Capital Partners VII | Clearlake Capital Group | 2021 | $144M | $115.3M | 5.0% | 1.12x | 0.01x |
| Platinum Equity Capital Partners V, L.P. | Platinum | 2019 | $142M | $175.8M | 9.4% | 1.40x | 0.15x |
| Vista Equity Partners Fund VII L.P. | Vista Equity Partners | 2018 | $142M | $155.6M | 5.1% | 1.23x | 0.10x |
| FTV VIII | FTV Capital | 2024 | $139.4M | — | — | 0.95x | 0.95x |
| Sage Equity Investors-N | Sage | 2024 | $136.6M | $5.1M | — | 0.55x | 0.55x |
| Ares Corporate Opportunities Fund V | Ares | 2017 | $134M | $116.4M | 6.0% | 1.30x | 0.52x |
| Ares Corporate Opportunities Fund V LP | Ares | 2017 | $134M | $116.4M | 6.0% | 1.30x | 0.52x |
| ASF VII, L.P. | ASF | 2015 | $134M | $46.1M | 14.4% | 1.59x | 1.12x |
| Green Equity Investors VII | Green | 2017 | $134M | $91.8M | 18.7% | 2.03x | 1.41x |
| Apax XI | Apax | 2022 | $128M | $33.9M | — | 1.17x | 0.00x |
| Nordic Capital Fund XII | Nordic Capital | — | $126.8M | — | — | — | — |
| BC European Capital X | BC Partners | 2017 | $125.6M | $120.6M | 10.2% | 1.63x | 0.66x |
| BC European Capital X-8 LP | BC Partners | 2017 | $125.6M | $120.6M | 10.2% | 1.63x | 0.66x |
| Carlyle Partners VI, L.P. | Carlyle Group | 2013 | $125M | $29.3M | 14.0% | 1.82x | 1.61x |
| Vista Equity Partners Fund V | Vista Equity Partners | 2014 | $125M | $85.5M | 16.2% | 2.11x | 1.57x |
| Lindsay Goldberg VI | Lindsay Goldberg | — | $123M | — | — | — | — |
| Centerbridge Capital Partners V, L.P. | Centerbridge Partners, L.P. | 2023 | $122.1M | $1.6M | — | — | — |
| ICG Strategic Equity Fund V | Intermediate Capital Group | 2023 | $121M | $45.6M | — | 1.49x | 0.00x |
| ICG Strategic Equity Fund V (USD) | Intermediate Capital Group | 2024 | $121M | $21.5M | — | 2.07x | 0.00x |
| TB Co-Invest Opportunities (Nightingale) II, L.P. | TB Co-Invest Opportunities | — | $121M | — | — | — | — |
| Green Equity Investors IX, L.P. | Green | 2023 | $120M | $74.5M | — | 1.17x | 0.03x |
| Thoma Bravo Fund XV | Thoma Bravo | 2022 | $120M | $138.1M | 15.0% | 1.37x | 0.04x |
| Vista Equity Partners Fund VIII | Vista Equity Partners | 2022 | $120M | $82.9M | 20.1% | 1.23x | 0.01x |
| NYCTRS - Evergreen Emerging Manager Program | Evergreen Venture Partners | 2024 | $118.4M | — | — | — | 1.21x |
| PSG VI L.P. | PSG Equity | 2023 | $115.5M | $8.2M | — | 0.71x | 0.02x |
| Platinum Equity Capital Partners III | Platinum | 2012 | $115M | $10M | 35.5% | 2.11x | 2.02x |
| Warburg Pincus Global Growth | Warburg Pincus | 2019 | $114M | $139.8M | 14.4% | 1.72x | 0.46x |
| Landmark Equity Partners XV, L.P. | Landmark Partners | 2013 | $113M | $22.8M | 11.1% | 1.43x | 1.18x |
| ASF VI, L.P. | ASF | 2013 | $112M | $10.7M | 11.4% | 1.43x | 1.31x |
| American Securities Partners VII, L.P. | American Securities | 2016 | $111M | $82.6M | 11.8% | 1.77x | 1.01x |
| Welsh, Carson, Anderson & Stowe XII | Welsh, Carson, Anderson & Stowe | 2015 | $110.5M | $50.7M | 24.7% | 2.53x | 2.04x |
| NYCTRS - 2015 Emerging Manager Program** | NYCTRS - 2015 Emerging Manager Program** | 2015 | $110M | $159.5M | — | 2.18x | 0.76x |
| Sage Equity Investors | Sage | 2024 | $109.6M | $3.3M | — | 0.44x | 0.44x |
| EQT X USD SCSP | EQT | 2022 | $108M | $48.5M | 9.4% | 1.08x | 0.06x |
| Ares Corporate Opportunities Fund IV | Ares | 2012 | $105M | $14.9M | 14.0% | 1.81x | 1.68x |
| Platinum Equity Small Cap Fund II, L.P. | Platinum Equity Small | 2024 | $103M | $22.4M | — | 1.50x | 0.01x |
| TPG Rise Climate II | TPG | 2024 | $101M | — | — | — | — |
| TPG Rise Climate II Co-Invest | TPG Rise Climate II Co-Invest | — | $101M | — | — | — | — |
| Reverence Capital Partners PE Opportunities Fund IV (FOO) (Fund VIII), L.P. | Reverence Capital Partners | — | $100.6M | — | — | — | — |
| American Securities Partners VI, L.P. | American Securities | 2011 | $100M | $41.2M | 20.2% | 2.08x | 1.72x |
| Ares Corporate Opportunities Fund VI | Ares | 2021 | $100M | $116.7M | 15.7% | 1.37x | 0.41x |
| Ares Corporate Opportunities VI, L.P. | Ares | 2020 | $100M | $116.7M | 15.7% | 1.37x | 0.41x |
| Green Equity Investors VI | Green | 2011 | $100M | $64.3M | 13.1% | 1.83x | 1.41x |
| Olympus Growth Fund VI | Olympus Partners | 2014 | $100M | $9.4M | 15.6% | 1.91x | 1.82x |
| Vista Equity Partners Fund IV | Avista | 2011 | $100M | $72M | 13.7% | 2.03x | 1.32x |
| Vista Equity Partners IV | Vista Equity Partners | 2020 | $100M | $65.3M | 15.8% | 1.94x | 1.29x |
| BC European Capital XI, L.P. | BC Partners | 2020 | $99M | $84.6M | 8.2% | 1.18x | 0.10x |
| Blackstone Capital Partners VIII LP | The Blackstone Group | 2021 | $99M | $91.2M | 9.7% | 1.24x | 0.15x |
| Green Equity Investors VIII, L.P. | Green | 2020 | $99M | $122.5M | 12.4% | 1.52x | 0.22x |
| Warburg Pincus Financial Sector III | Warburg Pincus | — | $97.2M | — | — | — | — |
| Bridgepoint Europe VI, L.P. | Bridgepoint | 2018 | $96.3M | $105.3M | 15.0% | 1.70x | 0.56x |
| Insight Partners Fund XII, L.P. | Insight Partners | 2021 | $96M | $93.8M | 1.6% | 1.04x | 0.00x |
| Lexington Capital Partners X | Lexington Partners | 2022 | $96M | $58.6M | 20.0% | 1.27x | 0.11x |
| WCAS XIV, L.P. | WCAS | 2022 | $96M | — | 2.4% | 1.04x | 1.04x |
| Apax X, L.P. | Apax | 2019 | $95M | $105.2M | 9.2% | 1.28x | 0.17x |
| ICG Strategic Equity Fund IV | Intermediate Capital Group | 2021 | $94M | $105.3M | 14.5% | 1.35x | 0.28x |
| KKR Asian Fund IV | Kohlberg Kravis Roberts | 2020 | $94M | $83.4M | 20.1% | 1.57x | 0.20x |
| Warburg Pincus Global Growth XIV | Warburg Pincus | 2022 | $91.7M | $75.6M | 19.5% | 1.29x | 0.10x |
| TPG Rise Climate Co-Invest | TPG | 2022 | $91.7M | $83.7M | 23.5% | 1.43x | 0.27x |
| Nordic Capital Fund XI | Nordic Capital | 2022 | $89M | $74.9M | — | 1.23x | 0.02x |
| KKR European Fund V (USD) | Kohlberg Kravis Roberts | 2019 | $89M | $79M | 10.1% | 1.35x | 0.42x |
| KKR European Fund V, L.P. - USD | Kohlberg Kravis Roberts | 2019 | $89M | $80.7M | 11.0% | 1.44x | 0.49x |
| Bridgepoint Europe V, L.P. | Bridgepoint | 2014 | $88.6M | $41.9M | 17.1% | 1.97x | 1.46x |
| EQT VIII | EQT | 2018 | $87.5M | $88M | 20.5% | 1.84x | 0.98x |
| ASF IX B NYC Co-Invest | ASF | 2022 | $86.7M | $30.4M | 21.3% | 1.28x | 0.01x |
| Lexington Capital Partners IX | Lexington Partners | 2019 | $85.1M | $83.4M | 15.6% | 1.52x | 0.42x |
| Warburg Pincus Financial Sector II, L.P. | Warburg Pincus | 2021 | $84.5M | $87.5M | 22.3% | 1.63x | 0.26x |
| EQT IX (No. 2) USD SCSP | EQT | 2020 | $83.7M | $107.5M | 10.2% | 1.35x | 0.20x |
| Lindsay Goldberg VI - Gotham Co-Inv | Lindsay Goldberg | 2024 | $82M | — | — | 1.25x | 1.25x |
| Centerbridge Capital Partners V - N Co-Invest | Centerbridge Partners, L.P. | 2024 | $81.4M | — | — | 1.19x | 1.19x |
| KKR European Fund VI (USD) SCSp | Kohlberg Kravis Roberts | 2022 | $81M | $38M | -20.4% | 0.80x | 0.00x |
| Thoma Bravo Discover Fund V LP | Thoma Bravo | 2024 | $80.6M | — | — | — | — |
| Stellex Capital Partners III | Stellex Capital Management | 2024 | $80M | — | — | 0.82x | 0.82x |
| ASF VIII B NYC Co-Invest | ASF | 2019 | $79M | $49.6M | 13.0% | 1.35x | 0.32x |
| Lindsay Goldberg V | Lindsay Goldberg | 2019 | $79M | $74.3M | 17.9% | 1.47x | 0.38x |
Largest 100 of 316 disclosed positions. Source: the organization's public disclosures. TVPI = total value / paid-in; DPI = distributions / paid-in.
Frequently asked questions
- Where is Teachers' Retirement System of the City of New York located?
- Teachers' Retirement System of the City of New York is headquartered in New York, US.