The Employees Retirement System of Texas (Texas ERS) committed $435 million to private real estate funds in April and May 2025, according to the pension fund.
CBRE Asia Partner 7, a value-add fund managed by CBRE Investment Management, received $100 million. SIH Debt Opportunities Fund III, a real estate debt fund of Sabal Investment Holdings, received $50 million. Northpond Partners’ opportunistic real estate fund, Northpond Fund V, received $35 million.
Texas ERS also made a commitment increase of $100 million to Wheelock Street Capital’s opportunistic fund, Wheelock Street Real Estate Long Term Value Fund. Texas ERS initially committed $100 million to the fund in 2020.
The pension fund also committed $150 million to an unnamed real estate co-investment fund. Texas ERS declined to disclose additional details at the time of publication.
As of Dec. 31, 2024, the pension fund had $40.3 billion in total assets under management, with a 12 percent real es
