Employees Retirement System (ERS) of Texas has approved $225m (€203m) worth of non-core real estate commitments.
ERS of Texas said it has made a $100m commitment to Wheelock Street Capital’s Long Term Value Fund and a $50m commitment to the manager’s Real Estate Fund VI fund, funds which target a variety of US properties.
The $29bn pension fund has approved a $75m commitment to the PAG’s Secured Capital Real Estate Partners VII, an Asia focussed opportunity fund.
ERS of Texas said it has also approved a $35m co-investment for private infrastructure, without givining any further details.
