The roughly $173 billion Teachers’ Retirement System of Texas in Austin has added-on to existing managers in its energy/natural resources/infrastructure portfolio, real estate and private equity portfolios.
In the energy, natural resources and infrastructure portfolio officials selected the Paine Schwartz Food Chain Fund VI, L.P. for a $150 million commitment. Managed by U.S. private equity firm Paine Schwartz Partners, the fund invests across the food and agribusiness value chain with a focus on sustainable food chain investing.
Kohlberg Investors X-B, L.P. was selected for the private equity portfolio with a $150 million commitment. The Kohlberg & Co. managed buyout fund is the latest offering of the firm that was founded by KKR founder Jerome Kohlberg Jr. and James Kohlberg in 1987. The firm’s investment strategy is centered on North American middle-market companies.
Lastly, within the real estate program, the AIMS Sidecar I, L.P. was selected for a $100 million commitment. Managed by NB Alternative Advisors, the fund is slated as an opportunistic strategy.