Texas Employees Retirement System, Austin, invested $100 million in long-biased hedge fund OrbiMed Global Healthcare Fund, managed by OrbiMed Advisors, showed a June transaction report provided by investment officials of the $24.9 billion pension fund.
The pension fund also committed $10 million to a co-investment managed by Stonepeak Infrastructure Partners. The fund will invest in a private infrastructure project in Northern Europe, according to the transaction report.
Previously, the Austin-based fund committed $68 million to Stonepeak Infrastructures Fund II in November and $40 million to Stonepeak Communication Holdings in December.
