TRS approves $500m in commitments

The US public pension has backed two real estate funds.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $154.10bn
Allocation to alternatives: 31.51%
Bitesize: $200-500m

The Teacher Retirement System of Texas (TRS) has agreed to commit $300 million to Oak Street Real Estate Capital Net Lease Property Fund and $200 million to Westbrook Real Estate Fund XI, a contact at the pension confirmed to PERE.

The $154.1 billion US public pension has a 14.0 percent target allocation to real estate that currently stands at 11.9 percent.

As illustrated in the charts below, TRS made commitments to 26 real estate funds last year, which combined constitute $5.2 billion.

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