The Teacher Retirement System of Texas (TRS) has committed $400 million to real estate funds in August, according to correspondence materials.
DivCore Fund VII Advisor’s fund, CC7 Co-Invest I, received $150 million for its value-add strategy investing in real estate in the United States. This commitment follows TRS’ $75 million commitment to DivCore Fund VII in July.
Mustang MHC Properties, a vehicle of Havenpark Management, received $250 million for its core strategy investing in real estate properties the United States.
Texas TRS had $208.3 billion in total assets under management, as of March 31, 2025. As of then, it had a 15 percent real estate allocation target with $29.8 billion in total real estate assets.
