Texas County & District Retirement System is investing in an opportunistic real estate fund managed by Singerman Real Estate.

The pension fund disclosed it had approved a $100m (€85m) commitment to Singerman Real Estate Opportunity Fund IV.

Singerman is seeking to raise $700m for the fund, according to an SEC filing – $200m more than the $500m it raised for its previous fund in 2018.

Managing principal Seth Singerman declined a request for comment, but previous Singerman funds have used a range approaches, including property acquisitions and investments in debt and real estate operating companies.

The company has experience of investing in a variety of property types, including office, retail, hotels, industrial and multifamily.

Texas County & District has now issued $145m worth of commitments to real estate opportunity fund this year, including a $45m investment in Roxborough Fund III, managed by The Roxborough Group, in January.

The pension fund only made one real estate fund commitment last year, investing $175m in Starwood Distressed Opportunity Fund XII Global in September.

To read the digital edition of the latest IPE Real Assets magazine click here. 

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