Teacher Retirement System of Texas (Texas Teachers) has approved three US real estate commitments worth $117.8m (€108.6m) in total as part of commitments made in May.
The pension fund said it made a $50m commitment to GreenPoint TVP Partnership, a GreenPoint-managed partnership that invests in value-add real estate.
Texas Teachers also placed $50.9m into the Guadalupe Partners GCDC partnership, an opportunistic real estate fund managed by Affinius Capital Advisors.
Texas Teachers said it invested in 455 First Street, a life science office project in New York City being developed by DivcoWest, by investing $16.9m into Divco Devco 455 First. DivcoWest declined a request for comment.
Texas Teachers also said it approve an investment into its energy portfolio with a $250m commitment to EnCap Energy Capital Fund XII, a fund focused on investing in oil and gas production in the US. The fundraising target for the EnCap fund is currently unknown.
EnCap raised $7bn in 2017 at the close of Fund XI, the previous fund in the series.
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