Publications

Investors - DECEMBER 7, 2016

Texas Teachers commits $300m to energy fund

by Jody Barhanovich

The $132.7 billion Teacher Retirement System of Texas has committed $300 million to FR Ascent Co-Investment, managed by First Reserve Corp.

FR Ascent Co-Investment’s investment strategy is to invest in diversified energy and natural resources in the United States. The fund has raised $420 million in investments so far.

The pension fund previously committed $150 million to First Reserve Energy Infrastructure Fund II in March 2014. The closed-end fund held a final close in April 2014, raising $2.26 billion. In additional commitments to energy funds, Texas Teachers committed $200 million to Blackstone Energy Partners II in December 2014.

Texas Teachers's target allocation to energy, natural resources and infrastructure is 5 percent.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy