Texas Permanent School Fund has expanded its real estate portfolio through four new investments worth $309.6m (€267.5m) in total.
According to information disclosed by the sovereign wealth fund following a public records request, the commitments include a $150m investment into Morgan Stanely’s non-core North Haven Real Estate Fund XI Global fund and a $100m investment nto Longpoint Fund IV, Longpoint’s latest US industrial fund.
Texas Permanent School also approved a $30m commitment to Kayne Anderson’s KAREP VII MOB Co-Investment Fund and committed $29.6m to the KKR Lone Star CFV.
Morgan Stanely is seeking to raise $4bn for Fund XI, global opportunistic fund, according to sources familiar with the matter.
According to a recent SEC filing, Longpoint had secured $494m in commitments for its latest fund as of January 2026.
Texas Permanent School Fund contributed to this total with a commitment that closed in late December 2025, according to the sovereign wealth fund.
The Indiana Public Retirement System also disclosed in a board meeting document that it made a $50m commitment to the Longpoint fund.
The Kayne Anderson co-investment vehicle will target medical office buildings, investing alongside the Kayne Anderson Real Estate Partners Fund VII fund.
Kayne Anderson declined a request for comment.
Details concerning the investment mandate for KKR Lone Star CFV are currently unknown.
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