TMRS approves $400m to infrastructure

The Austin-based pension fund has backed two infrastructure vehicles.

Institution: Texas Municipal Retirement System
Headquarters: Austin, US
AUM: $34.5 billion
Allocation to alternatives: 31.6%

Texas Municipal Retirement System has allocated $400 million-worth of commitments across two infrastructure vehicles, according to the pension’s latest commitment report.

The allocations comprise $200 million to Hull Street Energy Partners II and $200 million to Magnetar Capital‘s Climate Infrastructure Fund. The pension system had initially committed $150 million in March. Later, it upsized its investment by an additional $50 million.

The $34.5 billion US pension currently has 31.6 percent dedicated to alternatives. Commitments to infrastructure funds are made out of the pension’s Other Public & Private Markets portfolio.

As illustrated below, TMRS’s recent infrastructure fund commitments have targeted well-diverse strategies, sectors and regions.

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