Texas Teachers commits $536 million to infrastructure, private equity

Texas Teacher Retirement System, Austin, committed a total of $536 million to three alternative investment funds in December, a transaction report showed.

Investment officers of the $133.2 billion pension fund made two commitments to infrastructure funds, the largest of which was $200 million to Actis Energy Infrastructure Fund IV. Actis portfolio managers will concentrate the fund’s investments in energy businesses in emerging market countries in Latin America, Asia and Africa.

TRS also committed €180 million ($189 million) to EQT Infrastructure III (No. 2) SCSp, managed by EQT Funds Management. The fund will invest in midsized infrastructure firms in northern and eastern Europe, and North America.

In private equity, £120 million ($147 million) was awarded to HgCapital 8A, which seeks investment opportunities among middle-market pan-European companies with a focus on businesses domiciled in northern Europe, according to the transaction report.