The $41.9 billion Texas County & District Retirement System has committed $125 million to Carmel Partners Investment Fund VIII. Carmel is a San Francisco-based real estate investment manager that focuses exclusively on multifamily investments, including development, renovation and debt in relatively supply-constrained, high barrier-to-entry U.S. markets including the metro areas of the San Francisco Bay Area, Southern California, New York, Seattle, Denver, Washington, D.C., and Honolulu.
The pension fund has a $1.6 billion real estate portfolio.
For more fund information, click here for IREI.Q.
