The Teacher Retirement System (TRS) of Texas has disclosed a $250 million commitment to BIS Brazos Infrastructure Fund, a fund managed by BlackRock Financial Management.
Opened July 23, the fund did not disclose an equity fundraising target, according to an SEC Form D. At the time of the filing, TRS Texas was the sole investor in the fund.
Details about the fund’s investment strategy were not available at the time of publication.
The investment follows on the heels of a $200 million commitment by Texas TRS to Stonepeak Infrastructure Fund IV during the month of May.