Texas Permanent School approves over $150m in commitments

The US public pension has backed North America- and Europe-focused funds.

Texas Permanent School Fund has approved a $75 million commitment to Pennybacker IV and €75 million to Ares European Real Estate Fund V.

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

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