Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 31.10%
Teacher Retirement System of Texas has agreed to commit $100 million to Invesco Asia Real Estate Fund IV, a contact at the pension informed PERE.
The $152.20 billion US public pension has a 15.0 percent target allocation to real estate that currently stands at 12.0 percent.
As illustrated below, the TRS has made several commitments to real estate funds with a 2019 or 2020 vintage, which combined constitute $4.43 billion.
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