TCDRS approves $175m commitment

The US public pension has backed a real estate fund.

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Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $29.06 billion
Allocation to alternatives: 46.70%

Texas County and District Retirement System has agreed to commit $175 million to Starwood Global Opportunity Fund XII, as published in the pension’s September investment report.

The $29.06 billion US public pension has a 6.0 percent target allocation to real estate that currently stands at 3.40 percent.

As illustrated below, the pension’s recent commitments have been to funds focused on the retail sector within Asia-Pacific, Europe and North America.

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