Texas Teachers adds $660m to real estate and infrastructure funds

Teacher Retirement System of Texas (TRS) has approved around $660m (€590m) worth of new commitments to real estate and infrastructure funds.

The $153bn pension fund said it had committed $300m and $200m to Lone Star’s Real Estate Partners VI and Residential Mortgage Fund II funds, respectively.

Lone Star is seeking a $3bn for Real Estate Partners VI. The fund will make debt and equity investments in Western Europe, North America and Asia.

Residential Mortgage Fund II will target residential mortgage loans and related investments in the US.

TRS said it had approved €9.24m into CBRE Global Investors’ French Logistics Feeder, a co-investment vehicle that invests alongside CBRE Europe Value 2, a €1bn value-add fund. The pension fund committed €89.7m directly to Value 2 in July 2017.

The fund invests in office, industrial, retail and apartment assets.

TRS said it approved a $150m commitment to the Global Energy & Power Infrastructure Fund III (GEPIF III) Side Car. TRS committed $150m directly to BlackRock Real Assets’ GEPIF III fund in November last year.

As previously reported, BlackRock raised $1.5bn for GEPIF III at first close in July last year.

Related images

  • Texas

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Now