Teachers' Retirement System of Oklahoma (OTRS)
Public pension plan Still adding venture funds
Teachers' Retirement System of Oklahoma (OTRS) reports 6 venture funds, $250M in all.
Holdings are from its report as of March 31, 2026. “Still adding venture funds”: its newest venture fund is a 2024 vintage, within 3 years of 2026.
The numbers
| Vintage | Venture funds |
|---|---|
| 2013 | 1 |
| 2014 | 0 |
| 2015 | 1 |
| 2016 | 0 |
| 2017 | 0 |
| 2018 | 0 |
| 2019 | 0 |
| 2020 | 1 |
| 2021 | 0 |
| 2022 | 2 |
| 2023 | 0 |
| 2024 | 1 |
Updates from Teachers' Retirement System of Oklahoma (OTRS)
All of Teachers' Retirement System of Oklahoma (OTRS)’s updates on Hottub VC
Largest venture holdings
From its report as of March 31, 2026.
| Fund, as reported | Manager | Vintage | Commitment |
|---|---|---|---|
| Franklin Park Ven XV | Franklin Park | 2024 | $90M |
| Franklin Park XIV | Franklin Park | 2022 | $60M |
| EnCap X | Encap Investments L.P. | 2015 | $40M |
| FTV VII | FTV Capital | 2022 | $25M |
| EnCap IX | Encap Investments L.P. | 2013 | $20M |
In the app: 1 more venture fund. Open Teachers' Retirement System of Oklahoma (OTRS) in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
How it invests
Steady: it backs its managers again about as often as most LPs that report fund by fund. It backed 90% of its managers again when they raised a later fund (10 chances), and stays with a manager 4.2 years on average.
From its own report and published commitments. How it invests in LP Intelligence: whether it kept committing through 2022–23, how much goes to managers on Fund I–III, and what it committed to lately.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
About this data
Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of March 31, 2026. Source: Teachers' Retirement System of Oklahoma Private Markets Program quarterly report: Private Equity Program fund performance. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
"IRR" and "TVPI" as printed in the fund table ("Fund Performance: Sorted By Vintage And Strategy") of the Private Equity Program section of the quarterly Private Markets Program report that Meketa Investment Group prepares for the Teachers' Retirement System of Oklahoma; the report says the private equity data was provided by Franklin Park. The report's endnotes say IRRs are calculated by Meketa from daily cash flows and remaining values and that IRRs and TVPIs for funds are net of all fund fees and expenses as reported by fund managers. It marks figures "NM" (not meaningful) for investments less than two years from their first capital call and where a manager reported a negative remaining value: 24 funds have no IRR, 7 no multiple and 1 no remaining value, all shown as blank. The report prints committed, contributed, distributed and remaining value in millions of dollars with one decimal, so the dollar amounts here are rounded to $100,000; total value = distributed + remaining value is computed, and DPI is not reported per fund. Fund names are the report's short forms. All 105 partnerships are included as the report classifies them (buyout, venture capital, growth equity, special situations, oil and gas, private debt, distressed, secondary, fund-of-funds and multi-strategy co-investment vehicles), adding up to the table's Total of $3,562.7 million committed, $2,505.8 million contributed, $2,697.2 million distributed and $1,799.9 million remaining value. The report's Private Debt and Real Assets programs have no fund table and are not imported.
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