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TRS Texas approves $200m commitment

The US public pension has backed an opportunistic real estate fund.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $148.08 billion
Allocation to alternatives: 34%

Teacher Retirement System of Texas has agreed to commit $200 million to Starwood Global Opportunity Fund XII, a contact at the pension informed PERE.

The $148.08 billion US public pension has a 15 percent target and current allocation to real estate.

As illustrated below, the pension fund’s recent commitments are to funds focused on the office sector within the Asia-Pacific, North America and Europe regions.

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