Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
AUM: $29.98bn
Allocation to alternatives: 18.30%
Bitesize: $50-100m
Texas Municipal Retirement System has confirmed $625 million-worth of real estate commitments to four vehicles, a contact at the pension informed PERE.
The commitments comprise of $300 million to PIMCO Corporate Opportunities Fund III, $200 million to Virtus Real Estate Enhanced Core, $75 million to Berkeley Partners Value Industrial Fund V and a $50 million top-up commitment to Abacus Core Income Fund I.
The $29.98 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.0 percent.
As illustrated below, TMRS has made eight commitments to real estate funds with a 2019 or 2020 vintage, which combined constitute $887.5 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
