TRS Texas approves $800m in commitments

The US public pension has backed two real estate funds.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, US
AUM: $148.08 billion
Allocation to alternatives: 34.0%

Teacher Retirement System of Texas has agreed to commit $600 million to Invesco Real Estate GPA and $200 million to Madison International Prime Property Investors Series II, a contact at the pension informed PERE.

The $148.08 billion US public pension has a 15.0 percent target and actual allocation to real estate.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the office, residential, retail and industrial sectors within the Asia-Pacific, Europe, Latin America and North America regions.

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