Texas Teacher Retirement System, Austin, committed a total of $595 million to five alternative investment strategies in November, a transaction report for the $196.1 billion system showed.
Investment officers committed a total of $340 million to two value-added strategies from the system's $9.9 billion energy, natural resources and infrastructure portfolio.
Grosvenor Capital Management was awarded a $250 million commitment to Texas Direct Infrastructure Program, a separately managed account focused on U.S. investment opportunities, confirmed Rob Maxwell, TRS spokesman, in an email.
Antin Infrastructure Partners received an €80 million ($90 million) commitment to AIP Co-Invest Feeder 2021A SCSp. Portfolio managers will seek to invest in infrastructure opportunities in Europe and North America.
TRS committed a total of $255 million to two managers from the system's $33.7 billion private equity portfolio.
The largest commitment was $200 million to Clearlake Capital Partners VII, a U.S. large buyout fund managed by Clearlake Capital Group.
GTCR was the recipient of a total of $55 million to two funds: GTCR Strategic Growth Fund I/A&B, received a $30 million commitment, and $25 million went to GTCR (LP Investors), a co-investment fund, Mr. Maxwell said. Both funds focus on U.S. investment opportunities.