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TPSF approves $75m commitment

The US foundation has backed a North America-focused fund.

Texas Permanent School Fund’s board approved an investment of up to $75 million in Exeter Industrial Value Fund IV.

The $29 billion US foundation has a 7 percent target allocation to real estate that stands currently at 6.3 percent.

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