TMRS commits $650m to Real Estate in Q3

The US pension fund backed Pennybacker Capital, Stonepeak, Platform Ventures and Abacus Capital Group.

Institution: Texas Municipal Retirement System
Headquarters: Austin, USA
AUM: $35.2 billion
Allocation to real estate: 12.48%

Texas Municipal Retirement System has confirmed $650 million commitments across four real estate funds, following its September board meeting.

The commitments comprised $200 million to Abacus Core Income Fund I, $150 million to Pennybacker VI, $150 million Platform Texas Fund I and $150 million Stonepeak Real Estate Partners.

TMRS’s recent commitments have predominantly focused on North American Vehicles.

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