The $30 billion Texas County & District Retirement System has committed a total of $200 million to three real estate funds to finish out its investing in 2018, according to notes on the retirement system’s website.
Texas County first committed $125 million to Blackstone Real Estate Partners IX, managed by Blackstone. The opportunistic debt fund will invest in major property types globally. The new fund is Blackstone’s largest to date, seeking $20 billion in fundraising.
Its second commitment was $100 million to Rockpoint Real Estate Fund VI, managed by Rockpoint Group. The value-added, opportunistic real estate fund will invest in debt secured by office, hotel and multifamily properties globally.
Texas County’s third commitment was $75 million to the newly launched SCP Real Estate Opportunities Fund I-A, managed by Los Angeles–based Stockdale Capital Partners. It is the firm’s first commingled fund. A fundraising target was not disclosed in the SEC
