Texas County allocates $50m to Harrison Street real estate fund
The $30.2 billion Texas County & District Retirement System has committed $50 million to Harrison Street Real Estate Partners VII-A, according to the retirement system’s recent investment activity update on its website.
Harrison Street Real Estate Partners VII-A is managed by Harrison Street Real Estate Capital, a Chicago-based real estate private equity firm. The opportunistic real estate fund will invest primarily in education, healthcare and self-storage assets.
Texas County has previously committed $50 million to Fund VI and $40 million to Fund V in the fund series.
In additional real estate investments in August, Texas County also committed $75 million to Carmel Partners Investment Fund VII, a value-added real estate fund managed by Carmel Partners, and €85 million ($98 million) to Aermont Capital Real Estate Fund IV, an opportunistic real estate fund managed by London-based Aermont Capital.
Texas County & District Retirement System has a target allocation to real assets of 11 percent. Private real estate makes up 6 percent of the total target.
