Employees Retirement System (ERS) of Texas has invested $50m (€44.8m) in a North American infrastructure secondaries fund managed by Melange Capital Partners.
The $39.4bn pension fund announced in its July commitments report that it has approved the capital commitment to the Melange Energy Secondaries fund.
According to SEC filing in March last year, the Melange Energy Secondaries fund targets a $400m fundraise.
The fund has raised $207m so far, including the recent commitment from ERS of Texas.
The fund will focus on acquiring energy sector assets on the secondary market.
Melange Capital declined a request for comment.
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