The $148 billion Teachers’ Retirement System of Texas (TRS) continued to build on its real estate and infrastructure exposure last month with two new additional mandates totaling $250 million.
A $200 million investment was made to Stonepeak Advisors’ Stonepeak Infrastructure Fund IV as part of the retirement funds energy, natural resources and infrastructure portfolio that totals 6% of TRS assets. Founded in New York in 2011, the private equity firm invests in businesses comprised of hard assets with leading market positions primarily sectors such as energy, power, transportation, utilities, water and communications.
Stonepeak was aiming . . .
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