The Teacher Retirement System (TRS) of Texas has committed $275 million to several infrastructure funds in October, according to official investment correspondence.
Ara Energy Fund I, a fund managed by Ara Partners, received $75 million for its closed-end strategy. The fund focuses on acquiring, optimizing and decarbonizing energy assets along the conventional energy value chain in the United States. The fund held a final close in October, raising $2.5 billion in equity.
NGP Natural Resources XIV, a vehicle managed by NGP Energy Capital Management, received $100 million for its closed-end, opportunistic fund investing in disciplined, operationally focused strategies that capitalize on energy infrastructure demand in the United States. The Teachers’ Retirement System of
