The Teacher Retirement System (TRS) of Texas has disclosed a $100 million commitment to an emerging infrastructure fund managed by Actis.
TRS backed the Actis Arroyo PIV, which opened to investors in early August, according to an SEC filing. An equity fundraising target was not disclosed.
Actis invests in growth markets across Africa, Asia and Latin America. The firm has not disclosed an investment strategy for Actis Arroyo PIV.
Texas TRS has a 6 percent allocation to the infrastructure asset class.
