The $40bn investment vehicle is looking to hire 20 people to look after investments, project management and risk mitigation.
The move comes nearly a year after the two century-old institutions formed a partnership to make co-investments in infrastructure projects.
Texas ERS aims to increase infrastructure investment after missing the target.
While Infracapital has previously invested in British ports, the deal represents InfraViaโs first move in the sector.
The Series 5 notes come with a 3.315% interest rate, with proceeds earmarked for the refinancing of existing debt obligations.
The agency, a joint venture between New York and New Jersey, includes PPPs for LaGuardia Airport and the Goethals Bridge in its 10-year spending plan.
Despite falling short of last yearโs $250m investment target, the US pension said it still plans to allocate 4% of its overall portfolio to the asset class by 2020.
The move would represent the listed fundโs first deal outside the onshore wind and solar sectors as it pursues a 20% portfolio diversification strategy.
The European private asset manager continues to expand its infrastructure platform.
The countryโs two renewables agencies are also working on upcoming funding rounds for energy storage schemes including pumped hydro facilities.
Chinese PPP projects, which typically provide high single-digit returns, are failing to entice private players, fresh research finds.
The UK platformโs first vehicle for direct infrastructure investment has had its target reduced by ยฃ400m following a change in strategy by some pension funds.
After one of the Middle East's only dedicated renewable energy funds reached a first close last year, catalyst PE managing director Ennis Rimawi spoke to us about its plans for investment in the region.
The transaction, which brings the firmโs renewables debt portfolio to more than $600m, marks investorsโ latest vote of confidence in the once-beleaguered Southern European market.
The deal values the company at โฌ3.7bn just a year after the Telefรณnica infrastructure subsidiary was formed.









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