Texas TRS commits $412m to real estate and energy
The $134 billion Teacher Retirement System of Texas has committed $412.5 million to three funds, according to Juliana Fernandez Helton, communications specialist for the pension fund.
On the energy side, the pension fund committed $200 million to a U.S. energy fund managed by TPH Asset Management.
On the real estate side, Texas TRS committed $165 million to Blackstone Edison Managed Partners, a separate account focused on opportunistic real estate managed by The Blackstone Group.
Texas TRS also committed £33 million ($47.5 million) to Brockton Capital III Sidecar A, a co-investment associated with Brockton Capital III. The pension fund committed £65 million ($97.1 million) to Brockton Capital III in March 2015. The fund invests in value-add/opportunistic real estate in the United Kingdom.