The Teacher Retirement System of Texas (TRS) committed $200 million to two infrastructure funds in February: Gavin Generation Holdings A and NGP Royal Partners III, according to a monthly report by TRS.
Gavin Generation Holdings, a vehicle of Energy Capital Partners Management, received $100 million on Feb. 3, 2025, as an opportunistic fund with a focus on the United States.
NGP Royal Partners III, a vehicle of NGP Energy Capital Management, is an opportunistic fund focused on the United States. It received $100 million on Feb. 20, 2025.
TRS is a public pension fund that has $200 billion in total assets under management, as of Dec. 31, 2024. As of then, it had $13.9 billion in total infrastructure assets, with a 6 percent infrastructure allocation target.
