Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $50-100m
Texas County and District Retirement System (TCDRS) has agreed to commit €90 million to Blackstone Real Estate Partners Europe VI, according to a recent report on the pension’s website. TCDRS is a repeat Blackstone investor, having also committed $125 million to Blackstone Real Estate Partners IX in January.
The $29.16 billion US public pension has a 6.0 percent target allocation to real estate that currently stands at 2.40 percent.
As illustrated in the charts below, TCDRS has made 11 commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $995 million.
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