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Teacher Retirement System of Texas
Teacher Retirement System of Texas (TRS) is a public pension fund responsible for managing retirement and healthcare benefits for Texas public education employees. TRS allocates a significant portion of its substantial assets to infrastructure investments, primarily through commitments to leading global infrastructure funds and increasingly through direct co-investments, seeking long-term, stable returns and diversification across various infrastructure sectors.
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Pension FundInvestor
Strategic Overview
- TRS is increasing its allocation to private markets, including infrastructure, to enhance portfolio diversification and seek stable, long-term returns.
- The fund primarily invests in infrastructure through commitments to established infrastructure fund managers, but also engages in direct co-investments.
- Key investment areas include digital infrastructure, energy transition, and transportation assets, reflecting a focus on essential services and growth sectors.
Deal History (1)
Deal Activity from Public Sources
Commitment of $1.5 billion to Stonepeak Infrastructure Fund V
Commitment of $1 billion to I Squared Capital's ISQ Global Infrastructure Fund IV
Investment in DigitalBridge's data center platform
Commitment of $1 billion to Stonepeak Infrastructure Fund IV
Investment Focus
Technologies
Hydro1
Geography
United States1
Key People
Brian Guthrie
Executive Director
Jase Auby
Chief Investment Officer
Track Record
87
Years Active
Notable projects: Texas Central High-Speed Rail (investment)
Detailed Analysis
Sectors
Geographies
Deal Stage
Global Infrastructure Sherpa