Texas Municipal Retirement System has disclosed a $100m (€85.5m) commitment to Black Chamber Real Estate Opportunity Fund II, an opportunistic US data centre fund that IPE Real Assets reported in May had secured $830m in capital commitments.
As reported, Black Chamber Partners raised $2.1bn for its latest opportunistic US data centre strategy, comprising $830m for Black Chamber Real Estate Opportunity Fund II, with the rest allocated to co-investments. The fund had an initial fundraising target of $1bn.
Texas Municipal Retirement also disclosed in its meeting document that as part of its first-quarter real asset investments, it also made a $100m commitment to Pearl Energy Investment IV.
The fund, managed by Pearl Energy Investments, raised $1bn at its final close in February this year. Pearl Energy Investments provides capital and sponsorship to the energy industry, focusing on the upstream and midstream sectors.
The manager usually targets investments requiring $50m to $150m in equity capital and has led investments exceeding $400m in total equity.
Texas Municipal Retirement also committed $100m to Pioneer Zilker PV1 as part of its first quarter real asset investments.
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