The Teacher Retirement System of Texas (TRS) has committed $124.2 million to infrastructure funds in August, according to correspondence materials.
PCIP 1 ML Coinvest, a vehicle of Pennybacker Capital Management, received $24.2 million for its value-add strategy that invests in infrastructure in the United States.
Riverbend Energy Group, a firm that invests in natural resources, power generation and energy transition-oriented assets such as renewable energy and carbon management, received $75 million for its Rio Toro opportunistic fund. This fund focuses on investments in the United States.
Ancala Partners’ Ancala Fund III Co-Investment received $25 million for its value-add, closed-end strategy that invests primarily in Europe, with some allocation for North America. In December 2023, the main fund, Ancala Infrastructure Fund III, closed with €1.4 billion ($1.6 billion) of commitments, representing the firm’s largest
