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Texas Employees commits $85 million to Quantum Energy Partners

Texas Employees Retirement System, Austin, committed a total of $95 million to two private equity strategies in May, a transaction report showed.

The $26.5 billion fund committed $85 million to Quantum Energy Partners VII, with a core focus on upstream oil and gas opportunities in North America. The fund’s secondary focus in on midstream, power generation and oilfield services assets.

A co-investment managed by an undisclosed manager received a $10 million commitment, according to the report.