Teacher Retirement System of Texas (TRS) has approved a $500m (€441.8m) commitment into a newly created global real estate investment vehicle with AEW.

The $153bn pension fund said the commitment, approved last month, into the AEW Global Investment Fund T fund will target a variety of value-add properties.

The manager AEW Capital Management declined a request for comment.

TRS said it has also approved a $300m commitment into Blackstone Real Estate Partners Europe VI, an opportunistic fund close to raising $10bn.

The pension fund told IPE Real Assets that it approved a $200m co-investment into the Front Range Holdings I mobile and internet infrastructure fund.

TRS said it also approved a $300m commitment into the Brookfield Infrastructure Fund IV. The global infrastructure fund is expected to raise $17bn, including a 25% co-investment from Brookfield.

An earlier version of this story incorrectly referred to Front Range Holdings I as a Digital Colony fund.