Texas County and District Retirement System has made a commitment of $100 million to Taconic Commercial Real Estate Dislocation Fund II. The vehicle follows a strategic credit strategy and is run by New York-based asset management firm, Arbour Lane Capital Management.
The $30 billion US public pension has a 6 percent target allocation to real estate that currently stands at 2.1 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.