Teacher Retirement System of Texas has made a $100m (€84.2m) commitment alongside the $2.5bn Westbrook Partners Real Estate Fund XI fund.
The pension fund said the F65 Opportunity Longhorn Fund will co-invest on selected transactions made by Fund XI. The commitment is being placed into the opportunistic sector of the pension fund’s real estate portfolio.
As previously reported, Texas Teachers issued a $200m commitment into Fund XI in 2019.
Fund XI seeks to find investments that can produce mid-teens range net internal rate of returns as it targets office, industrial, apartments and retail properties globally.
To read the digital edition of the latest IPE Real Assets magazine click here.