Texas Employees Retirement System, Austin, committed a total of $98 million to three private investment funds in November, a transaction report showed.
The largest commitment was A$65 million ($48.4 million) to QIC Global Infrastructure Fund, which will seek private infrastructure investment opportunities in Australia and in countries belonging to the Organization for Cooperation and Economic Development.
Investment officials also made commitments to two private equity funds: €40 million ($42.2 million) to Euroknights VII No. 1, managed by Argos Soditic, for European buyout investments; and $7 million to CO11212016, a co-investment managed by an existing manager that the pension fund did not identify in the transaction report. The co-investment will focus on U.S. buyouts.