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TMRS approves more than $300m for infrastructure funds

Texas Municipal Retirement System has allocated more than $300m to three infrastructure vehicles.

Institution: Texas Municipal Retirement System
Headquarters: Austin, US
AUM: $37.8 billion
Allocation to alternatives: 36.3%

Texas Municipal Retirement System has added $330 million-worth of commitments across the infrastructure vehicles, according to its March 2022 investment report.

The commitments comprise $250 million to SDC Digital Infrastructure Opportunity Fund III, a $50 million follow-up commitment to Hull Street Energy Partners II and a €28.9 million ($31.4 million) top-up commitment to Pioneer Infrastructure Partners.

This brings the cumulative commitments to Hull Street Energy‘s second fund to $250 million, and $180 million for Pioneer Point Partner‘s inaugural fund.

TMRS currently invests in infrastructure through its Other Public and Private Market portfolio. Late last year, Infrastructure Investor outlined the pacing strategy for the $37.8 billion public pension fund. Illustrated below are the full investment portfolio and recent fund commitments.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.