Texas County & District Retirement System has disclosed making a €70m commitment to Aermont Capital’s fifth  European value-add real estate fund.

Fundraising details of the Aermont Capital Real Estate Fund V fund are currently unknown.

Aermont Capital raised €2bn for its fourth European real estate fund in October 2018. Texas County backed the Aermont Capital Real Estate Fund IV fund with an €85m commitment.

Aermont is known for targetting large complex investments that offer long‐term value creation opportunities for both the associated assets and businesses.

Fund V, which seeks transactions that can produce a mid-teen net internal rate of return, will be investing in major property types in Western Europe.

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