The Teacher Retirement System (TRS) of Texas has unveiled four opportunistic investments on behalf of its energy, natural resources and infrastructure portfolio.
The pension fund invested in three funds managed by QEP Advisers, a company that invests in energy sectors such as oil and gas upstream, midstream, oil field services and power generation. The commitments included $150 million to Quantum Energy Partners VIII; $25 million to Quantum Energy Partners VIII Co-Investment Fund; and $100 million to QEP VIII Co-Invest (1).
In addition, Texas TRS committed $150 million to NGP Natural Resources XIII, a vintage oil and gas fund managed by NGP Energy Capital Management.
The QEP commitments represented a new relationship for the pension fund, while NGP represented an existing relationship.