Teachers’ Retirement System of Oklahoma has committed $300m (€264.4m) across two digital and communications infrastructure funds, alongside $200m in real estate commitments, according to a board meeting document.
The pension fund allocated $150m each to SDC Digital Infrastructure Opportunity Fund V and TPG Peppertree Fund XI, marking its first investments with both managers.
SDC Capital is targeting $3bn for Fund V to invest in 8 to 12 tier-one digital assets across the US and Western Europe, primarily focusing on greenfield data centres.
TPG Peppertree will deploy 90% of its eleventh fund into US communications towers and digital infrastructure.
For its real estate portfolio, Oklahoma Teachers approved a $100m commitment to TPG Real Estate Partners V, which is targeting $8.5bn for opportunistic strategies in the US and Western Europe, alongside a $100m allocation to Artemis Real Estate Partners Fund V.
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