Texas ERS backs Quantum Energy, Ardian Infrastructure funds
Investors - JULY 27, 2023

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Texas ERS backs Quantum Energy, Ardian Infrastructure funds

by Kali Persall

The Employees Retirement System (ERS) of Texas has announced two commitments to energy-related and private infrastructure funds during the month of June.

The pension fund committed $77.14 million to Quantum Energy Partners VIII (QEP VIII), managed by Quantum Energy Partners, and $75 million to Ardian Infrastructure Fund VI, managed by Ardian Infrastructure.

QEP VIII is an “all-weather fund” investing across the sustainable-energy ecosystem. The fund is seeking to allocate 60 percent to 70 percent of capital to zero- and low-carbon investments. The vehicle has a fundraising target of $3.5 billion.

In addition, Ardian Infrastructure Fund VI targets brownfield transport, environment, renewables and energy assets, with a primary focus in OECD Europe. The vehicle has a €10 billion ($11 billion) fundraising target.

The fund’s predecessor, Ardian Infrastructure Fund V, held a final close in March 2019 with €6.1 billion ($6.6 billion) of commitments.

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