Texas PSF approves $75m commitment

The U.S. Foundation has backed an Asia focused fund.

Institution: Texas Permanent School Fund
Headquarters: Austin, United States
AUM: $32.73bn
Allocation to alternatives: 46.0%
Bitesize: $50-100m

Texas Permanent School Fund has approved a commitment of $75 million to GreenOak Asia III.

The $32.73 billion US Foundation has a 7.0 percent target allocation to real estate that currently stands at 10.0 percent. This is Texas PSF’s first commitment to real estate for 2019.

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