Texas Teacher Fund's LeBlanc Explains `Texas Way'

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Dec. 7 (Bloomberg) -- Steve LeBlanc, senior managing director of private markets at Teacher Retirement System of Texas, talks about the fund's criteria for selecting investment partners, relationship with private-equity firms and investment strategy. Trustees of the $110 billion pension fund agreed on Nov. 4 to hire KKR & Co. and Apollo Global Management LLC to manage almost 6 percent of its assets. LeBlanc speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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