Teacher Retirement System of Texas is investing in opportunistic US real estate by committing capital to a CSF Asset Management Vehicle fund.
The pension fund’s February commitments revealed a $100m (€91.5m) commitment to the CS Bevo I real estate fund.
Texas Teachers also disclosed $100m commitments to the Energy Capital Partners Management-managed Gavin Generation Holdings A fund and NGP Royalty Partners III, managed by NGP Energy Capital Management.
Energy Capital is known for its infrastructure investments in electrical and sustainable assets, with the fund expected to invest opportunistically in the US, according to sources.
NGP Energy’s Fund II, the previous fund in the series, closed at $527m in May 2023. The fund series invests in oil and gas royalties.
To read the latest IPE Real Assets magazine click here.
