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TRS approves nearly $104m in commitments

The US public pension has backed two North America-focused real estate vehicles.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $152.20bn
Allocation to alternatives: 31.10%
Bitesize: $100-200m

Teacher Retirement System of Texas has agreed to commit $50 million to Abacus Multi-Family Partners V and $53.68 million to Square Mile Bronx Logistics Co-Investment, 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, TRS has made several commitments to real estate funds with 2019 or 2020 vintage, which combined constitute $4.53 billion.

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