Texas ERS contributes US$75 million to Stonepeak Opportunities Fund
The Employees Retirement System (ERS) of Texas has recently invested US$75 million in Stonepeak Opportunities Fund (SOF), an infrastructure fund managed by Stonepeak Infrastructure Partners.
SOF aims to raise US$2.5 billion and focuses its investments on sectors such as digital infrastructure, energy transition, transportation and logistics, and social infrastructure. Notable recent investors in the fund comprise the Employees’ Retirement System of Rhode Island, the Seattle City Employees' Retirement System, the Teachers' Retirement System of Louisiana, and the Washington State Investment Board.
Texas ERS, responsible for managing approximately US$35.8 billion in assets, had a 6% allocation to infrastructure, surpassing its 5% strategic target.
Country updates
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September 19, 2023
Lead designer selected for Expressway PPP project in USA
The Texas Department of Transportation (TxDOT) has selected AECOM as lead designer for the Interstate 35 Northeast Expansion (NEX) South Project in Bexar County, Texas, USA.
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September 18, 2023
Eight construction projects totaling more than US$1 billion awarded in Texas and Florida
Ferrovial, a global infrastructure operator, announced, through its subsidiary Webber, that it was awarded nine construction projects, totaling more than US$1 billion in Texas and&...
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September 18, 2023
RFQ issued for Appalachian State University student housing development project in North Carolina
Appalachian State University (App State) has issued a Request for Qualification (RFQ) seeking a response from private partners to DBFOM student housing and additional facilities on its campus in ...
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September 11, 2023
Meridiam acquires Conrac Solutions
Meridiam has acquired Conrac Solutions. Through the acquisition of Conrac Solutions, Meridiam seeks to reinforce its dedication to providing top-tier infrastructure services to U.S. public...
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September 07, 2023
USD834 Million contract signed for Expressway Project in USA
Skanska has signed a SEK8.8 billion (USD834 Million) contract with the Washington State Department of Transportation (WSDOT) to expand and make operational and multimodal improvements to the I-405 cor...
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