Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $33.40bn
Allocation to alternatives: 38.90%
Bitesize: $100-200m
Texas County and District Retirement System has confirmed a $150 million commitment to Cerberus Real Estate Debt Fund, according to the pension’s recently published March 2020 investment activities report.
The $33.40 billion US public pension has a 6.0 percent target allocation to private real estate which currently stands at 2.75 percent.
As illustrated below, TCDRS has made eight commitments to real estate funds with a 2019 vintage, which combined constitute $1.043 billion.
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