Teacher Retirement System of Texas has made $400m (€334m) worth of new infrastructure commitments to two funds.

Texas Teachers said it has put $250m into the EQT Infrastructure V fund and $150m to the Actis Energy 5 fund.

EQT has set a €12.5bn target for the global value-add Fund V with a €15bn card cap and the fund manager is expected to hold an initial close in the current quarter.

The Actis 5 fund, which targets a $4bn fundraise has so far raised more than $2.9bn. The fund targets low-carbon energy infrastructure assets in Africa, Asia and Latin America.

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