Teacher Retirement System of Texas (TRS) has issued a $50m (€49.3m) commitment to a US opportunistic real estate fund managed by Almanac Realty Investors.
The pension fund disclosed that the commitment, made last month, was issued to the Almanac Investment Manager Solutions fund.
Details of the fund, including fundraising target, are currently unknown. Almanac Realty Investors declined a request for comment.
The manager is currently seeking to raise $2.25bn for Almanac Realty Securities IX, a fund that provides growth capital for both private and public real estate operating companies.
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