TCDRS approves $200m in commitments

The US public pension has backed two North American real estate funds.

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 $100 million each to Atalaya Asset Income Fund V and Taconic Market Dislocation Fund III, according to pensions July 2020 meeting minutes.

The $29.06 billion US public pension has a 6.0 percent target allocation to real estate that currently stands at 3.4 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the hospitality, residential, office and retail sectors within the North America region.

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