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TRS confirms $100m commitment

The US public pension has backed a co-investment vehicle working alongside CBRE GI's Strategic US Value Partners 9 fund.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $148.0bn
Allocation to alternatives: 35.0%
Bitesize: $100-200m

Teacher Retirement System of Texas has approved a $100 million commitment to CBRE Strategic Partners 9 Tiger, a contact at the pension informed PERE.

The $148.0 billion US public pension has a 15.0 percent current and target allocation to real estate.

As illustrated below, TRS has made six commitments to real estate vehicles in 2020, which have comprised of CBRE Global Investors’ aforementioned co-investment vehicle alongside three funds with an opportunistic strategy and two targeting value-add returns.

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