The Teacher Retirement System (TRS) of Texas has committed £50 million ($66 million) to GIP Polaris Fund, a value-added European fund managed by Global Infrastructure Management.
The fund launched in July, according to a document filed with the SEC. Details about the fund’s investment strategy and fundraising target could not be determined at the time of publication. However, Texas TRS noted this represented an existing relationship for the pension fund.
Texas TRS had $203.7 billion of assets under management as of June 30.