The $28.5 billion Employees Retirement System of Texas has committed $165 million to two infrastructure funds, according to Aris Oglesby, operational due diligence analyst for the pension fund.
The first commitment was $65 million to Ardian Americas Infrastructure Fund IV, an infrastructure fund managed by Ardian Investment U.K. Limited. According to the firm’s website, Ardian’s infrastructure investments are focused on the European market, diversified between 80 percent in brownfield investments and 20 percent in greenfield investments. The new fund has raised $65 million so far, according to a filing with the SEC.
The second commitment was $100 million to Digital Colony Partners, managed by Digitial Colony GP.