Texas Permanent approves $75m commitment

The US endowment has backed an Asia-focused fund.

Texas Permanent School Fund has approved a $75 million commitment to Blackstone Real Estate Partners Asia II, an opportunistic fund.

The $30 billion US endowment has a 7 percent target allocation to real estate that currently stands at 10 percent.

Platinum subscribers may click here for the endowment’s full profile, including key contacts, allocation strategy and fund investments.