Teacher Retirement System (TRS) of Texas has made a commitment of $350 million to the fifth global infrastructure fund from Brookfield, which has a target size of $25 billion.
Teacher Retirement System (TRS) of Texas has made a commitment of $350 million to the fifth global infrastructure fund from Brookfield, which has a target size of $25 billion.
Brookfield’s previous global infrastructure fund, BIF IV, raised $20 billion at its final close in February 2022, significantly in excess of its original $17 billion target, and the firm is expecting similar strong support for its latest fund.
In addition to the BIF commitment, TRS of Texas has added I Squared Capital Advisors as a new manager in its infrastructure portfolio through a $100 million investment in the ISQ Growth Markets Infrastructure Fund, which has a $2.5bn target to invest in in emerging markets assets.
