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Sign in Sign up for a FREE subscriptionDallas-Fort Worth Airport Employees commits $10m to TerraCap Partners V
Dallas-Fort Worth Airport Employees Pension Plan has committed $10 million to TerraCap Partners V, according to a recent investment document.
The value-add real estate fund, managed by TerraCap Management, opened to investors in March 2020 with a fundraising target of $400 million. The fund will invest in a variety of real estate sectors, including CBD office, hotel, industrial, mixed-use and multifamily.
If TerraCap Partners V reaches its target, it will be TerraCap’s largest real estate fund to date, and will have some $1.2 billion of buying power. Fund V will be open to investors until 2022.
