Teacher Retirement System of Texas (TRS) has made four real estate and infrastructure fund commitments worth $600m (€558.5m) in total.
The pension fund said it invested $200m and $50m into the Oak Street Real Estate Capital Fund VI and Principal Green Property Fund III real estate funds respectively and placed €150m into the Blue Bonnet Co-Investment Vehicle and $200m into the Blackstone Energy Transition Partners IV fund to target infrastructure investments.
Oak Street Real Estate Capital is planning to raise $4bn for its net-lease fund which seeks to acquire single-tenant US properties like office, industrial and retail assets.
Texas TRS said the Principal Green Property Fund, managed by Principal Real Estate Investors, is an opportunistic fund which seeks to invest in a mixture of US property types including industrial and apartments.
The Blue Bonnet co-investment vehicle targets value-add transactions that are located in internationally developed markets.
The Blackstone Energy Transition Partners IV fund, managed by Blackstone Management Partners, expects to raise $6bn. The global fund will be investing in a diversified portfolio of infrastructure assets.
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