TCDRS approves 2 real estate commitments

The US public pension has backed a value added and an opportunity fund.

The Texas County and District Retirement System has committed to two real estate funds, investing €85 million in Aermont Capital Real Estate Fund IV and $75 million in Carmel Partners Investment Fund VII.

The $30 billion US public pension has a 6 percent target allocation to real estate that currently stands at 2.1 percent.

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