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Investors - NOVEMBER 8, 2019

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Texas TRS funnels $600m into infrastructure in October

by Kali Persall

The Teacher Retirement System of Texas (TRS) committed $600 million to two infrastructure funds and one energy diversified fund during October, according to a new commitment report.

TRS committed $300 million to the BIV IV Co-Invest fund, a diversified infrastructure fund managed by Brookfield Asset Management Private Institutional Capital Adviser (Canada), and $100 million to Infra Investors II, managed by Global Infrastructure Management, which launched in September.

The pension fund also invested $200 million in the FR Finalizer fund, a U.S.-based diversified energy fund managed by First Reserve XIV Advisors. First Reserve invests in targeted sectors throughout the energy industry through its private equity platform, which invests across three core sectors: resources (oil and natural gas exploration and production, both onshore and offshore), equipment and services (production, manufacturing, transport

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