TCDRS approves $172m in commitments

The Austin-based fund manager has backed three North American real estate vehicles.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $38.1 billion
Allocation to alternatives: 50.9%

Texas County and District Retirement System has approved $172 million-worth of commitments, according to the pension’s website.

The commitments comprise $150 million to AG Essential Housing Fund II, renewed investments of $12.5 million to Victory European Real Estate Fund II (A) and $9.5 million to Whitman/Peterson Partners IV.

TCDRS has a 6 percent target allocation to private real estate that currently stands at 3.2 percent.

As illustrated below, the $38.1 billion pension funds recent commitments have predominantly targeted various North American real estate vehicles targeting diversified sectors.

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