Texas Teachers approves $100m commitment

The US public pension has backed an Asia-focused fund.

Teacher Retirement System of Texas has approved a $100 million commitment to AEW Value Investors Asia III, a transaction report showed.

The $146 billion US public pension has a 13.7 percent target allocation to real estate that currently stands at 14.1 percent.

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