Texas Permanent School Fund has boosted its exposure to industrial real estate by investing $150m (€153m) in two funds.

Following a public information request, the pension fund confirmed it had committed $75m to EQT Exeter Industrial Value Fund VI and $75m to GCP SecureSpace Property Partners.

EQT Exeter Industrial Value Fund VI is a closed-ended fund that looks to acquire US industrial assets with a value-add component.

GCP SecureSpace Property Partners is managed by GLP Capital Partners and invests globally in logistics assets.

Texas Permanent is also investing in Breakthrough Properties Income Portfolio I, which focuses on life science real estate globally.

The investment forms part of a $75m commitment made to Breakthrough Properties Growth Portfolio I two years ago.

Both funds are managed by Breakthrough Properties, a life science real estate joint venture formed by Tishman Speyer and Bellco Capital.

The sovereign wealth fund also committed $25m to Portfolio Advisors Real Estate Fund VIII, which will invest in opportunistic and value-add real estate through primary fund commitments, secondary-market trades and co-investments.