TRS approves $500m in commitments

The US public pension has backed two infrastructure funds.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $153.13bn
Allocation to alternatives: 31.10%
Bitesize: $200-500m

Teacher Retirement System of Texas (TRS) has agreed to commit $200 million to DC Front Range Holdings I and $300 million to Brookfield Infrastructure Fund IV, a contact at the pension informed Infrastructure Investor.

The $153.13 billion US public pension has a 5.0 percent target allocation to infrastructure that currently stands at 5.20 percent.

As illustrated in the charts below, TRS has made ten commitments to infrastructure funds with a 2018 or 2019 vintage, which combined constitute $1.73 billion.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.