Institution: Teacher Retirement System of Texas
Headquarters: Austin, US
AUM: $176.9 billion
Allocation to alternatives: 34%
AIP launched its mid-cap fund in April 2021, targeting unlisted infrastructure equity vehicles across North America and Europe, with a focus on multiple sectors. The commitment marks a new fund manager relationship for TRS Texas.
The $167.9 billion US public pension has a 6 percent target allocation to infrastructure that currently stands at 5.5 percent.
As illustrated below, the pension fund’s recent fund commitments have predominantly targeted global unlisted infrastructure vehicles across diversified sectors.
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