Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 14.42%
Texas Municipal Retirement System (TMRS) has agreed to commit $100 million to Appian Natural Resources Fund II and $150 million to Global Infrastructure Partners IV, according to a recent report on the pension’s website. While Appian Natural Resources Fund II focuses on investments in the mining sector, Global Infrastructure Partners IV is targeting energy, transport and utilities investments.
The $27.59 billion US public pension has a current allocation of 2.41 percent to infrastructure.
As illustrated in the charts below, TMRS has made three commitments to infrastructure funds with a 2019 or 2018 vintage, which combined constitute $400 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.