Employees Retirement System of Texas contributed to Faropoint’s third US industrial real estate fund which closed last month with $915m (€842m) in commitments.
The pension fund said it made a $75m commitment to the Faropoint Industrial Value Fund III.
Late last month, US industrial real estate investment manager Faropoint said it surpassed its initial target of $750m by raising $915m for its third fund.
At the time, the fund manager said its flagship Industrial Value Fund III secured capital commitments from institutions in North America, Europe and the Middle East, including public pension plans and insurance firms.
Fund III, which targets transactions averaging less than $10m, has so far acquired over 80 urban industrial warehouses in 12 US markets and aims to acquire more than 200 warehouses throughout its deployment period.
ERS of Texas said it also approved a $75m commitment into Chambers Energy Capital V, a fund that makes some direct lending investments in infrastructure in the energy-related sector.
The pension fund said it made the commitment via its private credit portfolio.
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