Teacher Retirement System of Texas has disclosed making two new investments totalling $150m (€138.6m), split between a GreenPoint Partners real estate fund and a Riverbend Energy fund.
The pension fund revealed in its June commitments list that it placed $75m into GreenPoint REPE Fund I and issued a $74.4m commitment to the Riverbend XI.
Texas Teachers said the value-add GreenPoint fund targets investments in Europe.
The fund is GreenPoint’s first institutional fund. The manager established its real estate investment platform in May 2022. The firm completed one of its initial transactions last year, acquiring a logistics platform associated with a car park portfolio in the UK.
The pension fund’s commitment to the Riverbend energy fund represents the first collaboration between the two entities.
According to SEC filing, Riverbend is seeking to raise $500m for the fund. The Riverbend fund will focus on opportunistic investments within the US oil and gas sectors.
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