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Investors - FEBRUARY 8, 2016

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Texas TRS commits $412m to real estate and energy

by Zoë Wolff

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.

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