Teacher Retirement System of Texas (TRS) has approved a $100m (€94.9m) commitment to AIMS Sidecar I, an opportunistic US real estate fund managed by NB Alternatives Advisers.
SEC filings reveal that NB Alternatives Advisers, an indirectly owned subsidiary of Neuberger Berman, launched the fund in October of last year. Fundraising details are currently unknown.
Texas TRS has also disclosed approving a $150m commitment to Paine Schwartz Food Chain Fund VI, a sustainable food sector investment fund managed by Paine Schwartz Partners.
Texas TRS said the opportunistic fund will target investments in the US.
Paine Schwartz is a private equity firm specialising in sustainable food chain investing. “With a differentiated focus on the global food and agribusiness sector, we leverage a thesis-driven approach and operational expertise to enhance value in each of our investments,” according to the manager’s website.
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