Institution: Texas County and District Retirement System
Headquarters:Â Austin, US
AUM: $35.7 billion
Allocation to alternatives: 46.4%
Texas County and District Retirement System has approved a $100 million commitment to SRE Opportunity Fund IV, according to a recent investment activity report on the pension’s website.
Singerman Real Estate is currently in market seeking $700 million in LP capital for its fourth opportunistic vehicle. The fund’s immediate predecessor held a final close on $500 million in December 2017, $100 million above its target.
TCDRS has a 6 percent target allocation to private real estate which currently stands at 3.1 percent.
As illustrated below, the $35.7 billion pension fund’s recent private real estate commitments have predominantly targeted North American and European opportunistic vehicles.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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