Texas Municipal Retirement System (TMRS) has approved a $200m (€181.7m) commitment to the Oaktree Power Opportunities Fund VI, the pension fund disclosed in a meeting document.
TMRS said the commitment represents a new investment relationship with Oaktree Capital Management.
Oaktree Capital’s power opportunities strategy invests in companies that provide products and services that support energy and utility infrastructure.
Oaktree Capital declined a request for comment. Most of its activity has been in the US and North America.
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