The USD 96 billion retirement system has made its sixth infrastructure fund investment through a USD 300 million commitment to Zachry Hastings Infrastructure Fund. This addition to TRS’s fund portfolio increases its exposure to the energy, utilities and transportation sectors in North America. The retirement system’s allocation to infrastructure now stands at USD 1.43 billion, having also recently committed to such funds as First Reserve Energy Infrastructure Fund and Alterna Core Capital Asset Fund. It began investing in the asset class in 2008 as part of its real assets allocation, and has typically been committing between USD 100 million and USD 300 million to each fund. The retirement system may make further infrastructure fund commitments over the next 12 months as it moves towards a 15% allocation to real assets. It has a preference for assets in economic sectors but will invest on a global scale, and will also consider emerging markets.
More information on infrastructure investors is available on Preqin's online product, Infrastructure Online.