Texas County & District Retirement System (TCDRS) has made six real estate fund commitments worth $566.45m (€477.5m).

The amount approved by TCDRS for 2021 exceeds the $175m to pension fund approved last year, which was solely invested in the Starwood Distressed Global Opportunity Fund XII fund.

For the current year, TCDRS has made a $125m commitment to FCP Realty Fund V, a fund that has so far raised $655.9m of its $1.2bn target, with a plan to invest mainly in US multifamily, office and mixed-use assets. 

The pension fund recently made a $125m commitment to Carlyle Realty Partners IX, a US opportunity fund.

The other new commitments issued by TCDRS include €65m into Victory European Real Estate Fund II, $94.25m into Whitman/Peterson IV, $100m into SRE Opportunity Fund IV and $45m into Roxborough Fund III.

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