The Teacher Retirement System (TRS) of Texas has committed $150 million to an infrastructure strategy managed by Nuveen Alternatives Advisors.
According to an investment report for July, TRS said the investment was in the Nuveen Ag Infrastructure Fund, which launched on July 23. The fund has already raised $301.5 million from 10 investors, according to a recent SEC filing. A fundraising target was not disclosed in the filing.
Texas TRS said the commitment represented a new relationship for the pension fund.
