Publications

Investors - MAY 6, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Texas ERS invests in BlackChamber Real Estate Opportunity Fund

by Kali Persall

The $28.3 billion Employees Retirement System (ERS) of Texas made one commitment to a real estate fund during the month of April.

ERS committed $37.5 million to the BlackChamber Real Estate Opportunity Fund, managed by BlackChamber Group.

BlackChamber Real Estate Opportunity Fund launched in November 2019 with a fundraising target of $500 million. According to an SEC filing announcing the launch, the opportunity fund had secured $107.4 million in commitments from 12 investors.

An investment strategy for the fund could not be gleaned at the time of publication.

As of February, Texas ERS had an 11.05 percent allocation to the real estate asset class.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.