Employees Retirement System (ERS) of Texas has approved $152m (€138m) worth of infrastructure commitments to Quantum Energy Partners and Ardian funds.
The pension fund told IPE Real Assets that in June it approved $75m into Ardian Infrastructure Fund VI and placed $77.14m into the Quantum Energy Partners VIII fund.
Fundraising details of the Ardian fund are undisclosed. The manager raised $2.1bn in October last year for Fund V, the predecessor fund which ERS of Texas backed with an $80m commitment.
The Ardian infrastructure fund series has an investment history of seeking investments in telecom, transportation and energy-transition assets.
The Quantum Energy fund focuses on North American energy infrastructure, including upstream oil and gas, and energy-transition and decarbonisation assets.
As previously reported, the fund has a $3.3bn capital-raising target and a $4.65bn hard cap.
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