Texas Teacher Pension Acquires Bridgewater Stake

March 26, 2012

On March 5, 2012, DealBook reported that the Teacher Retirement System of Texas acquired a $250 million nonvoting equity interest in hedge fund manager Bridgewater Associates.


On March 5, 2012, New York Times’ DealBook reported that the Teacher Retirement System of Texas acquired a $250 million nonvoting equity interest in hedge fund manager Bridgewater Associates.  Bridgewater is a Connecticut-based hedge fund reported to have approximately $120 billion in assets under management.  The article identifies the transaction as part of Bridgewater’s long term plan to diversify ownership to keep founder Ray Dalio’s stake in the firm between 10 and 20 percent.

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Categories

Hedge Fund Strategic Investments, Investment Manager Strategic Investments, Transactions