Deals Counterparts
T

Teacher Retirement System of Texas

company 1 Deal 1 Partner

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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Founded 1937 900 employees
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 Activity from Public Sources

Commitment of $1.5 billion to Stonepeak Infrastructure Fund V
Financing Global November 2023 with Stonepeak Infrastructure Partners
Commitment of $1 billion to I Squared Capital's ISQ Global Infrastructure Fund IV
Financing Global October 2023 with I Squared Capital
Investment in DigitalBridge's data center platform
Acquisition Data Center Global March 2022 with DigitalBridge Group, Inc.
Commitment of $1 billion to Stonepeak Infrastructure Fund IV
Financing Global March 2021 with Stonepeak Infrastructure Partners

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
Digital/TelecomEnergy TransitionTransportUtilities
Geographies
North AmericaWestern EuropeAsia PacificLatin America
Deal Stage
OperatingBrownfieldGreenfield

Portfolio Companies

DigitalBridge Group, Inc. — Digital/TelecomTexas Central Partners — Transport
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