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Investors - JANUARY 9, 2017

Texas Teachers commits $359m to energy, infrastructure

by Jody Barhanovich

The $132.7 billion Teacher Retirement System of Texas has committed $358.7 million to energy and infrastructure vehicles, according to an email from spokeswoman Juliana Helton.

The first allocation was a $200 million commitment to Actis Energy IV, managed by Actis. The closed-end energy fund will make investments in electricity generation and distribution businesses in Latin America, Africa and Asia. Actis seeks to raise $2 billion in equity commitments for the fund.

The second allocation was a €150 million ($158.7 million) commitment to EQT Infrastructure III, an infrastructure fund managed by EQT Partners. The closed-end fund will invest in European infrastructure properties. The fund received a $100 million commitment from the $85.4 billion New Jersey Division of Investments in December and a $146.5 million commitment from the $12 billion Maine Public Employees Retirement System in November.

Texas TRS has a 3 percent target allocation to infrastructure.

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