The $142 billion Teacher Retirement System of Texas has committed a total of $250 million to infrastructure and energy funds, according to an investment report from Rhonda Price, communications manager for the pension fund.
The first commitment was $200 million to Digital Colony Partners, an infrastructure fund managed by Digital Colony GP.
The second allocation was $50 million to energy-diversified fund KKR Palo Verde Co-Invest, managed by KKR.
Texas TRS’ energy, natural resources and infrastructure (ENRI) portfolio invests in commingled funds, direct and co-investments. The team targets investments with commodity-like characteristics and exposure to each of the stages of the resource value chain: upstream, midstream, downstream, and services and technology. Additionally, the ENRI portfolio invests in energy infrastructure assets in the midstream sector, as well as other infrastructure assets.
Texas TRS has a target allocation to energy, natural resources and infrastructure of 5 percent.
