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Alternative Assets  + Latest News  + Real Assets  + Real Estate  | 
Teacher Retirement System of Texas

Texas Teachers’ Retirement Fund Adds Nearly $500M to Alternatives Program

The Teacher Retirement System of Texas, which manages $180 billion in assets, added one real estate fund and three infrastructure funds totaling $500 million to its program in June, according to recently released information.

In the pension system’s roughly $30 billion real estate portfolio, Blackstone was retained with a $150 million commitment to its BREP Europe VII (Cayman) fund, which is reportedly going to hold its first close in the second half of this year.

In the $11 billion energy, natural resources and infrastructure program, the Encap Agamar fund received a commitment of $99 million that will be an opportunistic strategy managed by energy sector specialist EnCap Investment. Macquarie won a $150 million mandate for its Macquarie Infrastructure Partners VI, which is the latest offering within the flagship platform

Lastly, a new manager was selected to run a US opportunistic mandate. The Formentera Partners Fund II was awarded a $100 million allocation.

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Teacher Retirement System of Texas

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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