Texas Teacher Retirement System, Austin, committed a total of $545 million to four alternative investment funds in November, said a transaction report from the $132 billion pension fund.
From the pension fund's real asset portfolio, $250 million was committed to Stonepeak Infrastructure Fund II, a U.S.-focused strategy managed by Stonepeak Infrastructure Partners. LaSalle Genco, a core U.S. domestic real estate separate account managed for TRS by LaSalle Investment Management, received a $145 million commitment.
In private equity, $100 million was committed to Blackstone Capital Partners VII Co-Invest Star, a U.S. large buyout opportunity strategy managed by Blackstone Group. The pension fund also committed $50 million to Stellex Capital Partners, managed by Stellex Capital Management, to invest in U.S. credit and special situations opportunities.
The TRS transaction report was provided by Juliana Fernandez Helton, a TRS spokeswoman, by e-mail.