Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 39.31%
Texas County and District Retirement System has committed $150 million to Oak Street Real Estate Capital Fund V, according to the pension’s February investment report. The value-add vehicle focuses on investments in retail, industrial, office and residential property.
The $32.11 billion US public pension has a 6.0 percent target allocation to private real estate that currently stands at 2.71 percent.
As illustrated below, TCDRS has made seven commitments to 2019-vintage private real estate vehicles, which combined constitute $891.95 million.
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