Teacher Retirement System (TRS) of Texas has issued a $100m (€87.2m) commitment to a new fund managed by Global Infrastructure Partners (GIP).

The pension fund said it has made a value-add infrastructure investment by committing capital to the GIP Aquarius Fund.

According to sources that track infrastructure vehicles, GIP has only recently started raising capital for the global fund.

The fundraising target is currently unknown.

To read the digital edition of the latest IPE Real Assets magazine click here.