Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 35.0%
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.
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