Texas County & District Retirement System (TCDRS) has approved a $94.25m (€77.3m) commitment to a US opportunity real estate fund managed by Whitman Peterson.

TCDRS told IPE Real Assets that the commitment to the Whitman/Peterson IV fund is the pension fund’s first commitment with the manager.

The fund is expected to target multifamily, office buildings and senior housing complexes, according to sources.

According to sources that track capital raises, Whitman Peterson has so far raised for its fourth fund.

SEC filings in 2018 showed that Whitman Peterson raised $402m for Whitman Peterson’s third fund.

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