Texas County & District Retirement System re-ups in FCP Realty Fund VI

Texas County & District Retirement System (TCDRS) has unveiled a $75 million commitment to FCP Realty Fund VI-B.

FCP Realty Fund VI-B, managed by privately held real estate investment company FCP, is seeking to raise $1.65 billion, according to an SEC Form D filed on Nov. 21. The target includes amounts in respect of issuer's parallel entities and feeder entities.

FCP Realty Fund VI is targeting multifamily assets with a secondary focus on commercial properties such as office, life sciences and mixed-use. The fund’s predecessor, FCP Realty Fund V, closed in September 2021 with $1.188 billion in equity commitments.

TCDRS invested $50 million in FCP Realty Fund V Co-Invest earlier this yea