The Teacher Retirement System of Texas (TRS Texas) has made a commitment of $74.4 million to Riverbend XI.
Riverbend XI is managed by Riverbend Energy Group, an experienced investor in the energy industry, investments in oil and gas, minerals and royalties, and the energy transition.
The opportunistic fund is focused on making investments in the United States. It is a new relationship for TRS Texas.
The investment is categorized as an energy, natural resources and infrastructure (ENRI) asset allocation in TRS Texas' portfolio.
