Texas Teacher Retirement System, Austin, completed real estate and other alternative fund commitments totaling $499 million in June, spokesman Rob Maxwell said in an email.
The $179.4 billion pension fund committed $150 million each to Macquarie Infrastructure Partners VI, an infrastructure fund managed by Macquarie Asset Management, and opportunistic real estate fund Blackstone Real Estate Partners (Cayman) VII ; $100 million to energy fund Formentera Partners Fund II; and $99 million to EnCap Agamar, an opportunistic fund managed by EnCap Investments.
Mr. Maxwell could not provide further information. The EnCap fund has been allocated to the pension fund's energy, natural resources and infrastructure asset class.
The pension fund's target allocations to its real estate and ENRI asset classes are 15% and 6%, respectively.