The Teacher Retirement System (TRS) of Texas committed $75 million to KKR Global Infrastructure Investors V during the month of July. It was the pension fund’s only investment during the month.
KKR Global Infrastructure Investors V opened to investors in November 2023 with a target fund size of $20 billion. As of April 2024, the fund had secured more than half of its fundraising target — a whopping $11 billion, according to Bloomberg.
Global Infrastructure Investors V will invest in infrastructure assets such as oil and gas pipelines and renewable-energy projects. The fund represents an existing relationship for Texas TRS.