In August 2018, the Employees Retirement System of Texas made a commitment of $75 million to IndoSpace Logistics Parks III. A $90 million additional commitment was also made to Aviva Investors Real Estate Capital Global Co-Investment Fund, bringing the total commitment to $150 million.
The IndoSpace fund will opportunistically invest in the development, leasing and management of large warehouses in India. Aviva Investors Real Estate Capital Global Co-Investment Fund (AIREC) will continue to invest globally in non-core, tactical opportunities primarily in co-investments.
The 29 billion US public pension has an 8 percent target allocation to private real estate that currently stands at 6.9 percent.
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