Texas Teacher Retirement System, Austin, committed a total of $870 million to four alternative investment strategies in April, a transaction report for the $127 billion pension fund showed.
The largest commitment was €345 million ($395 million) to the European-focused large buyout private equity Cinven VI.
Infrastructure commitments were $250 million to Brookfield Infrastructure Fund III – A, a U.S. fund managed by Brookfield Asset Management, and $75 million to Stonepeak Infrastructure Fund II – T, a sidecar investment managed for the pension fund by Stonepeak Infrastructure Partners.
TRS also committed $150 million to AEW Senior Housing Investors III, a value-added real estate fund that will focus on three subsectors of the U.S. senior housing market: independent living, assisted living and memory care. The fund's manager is AEW Capital Management.