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Texas fund invests in Asia Pacific fund
Investors - FEBRUARY 7, 2020

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Texas fund invests in Asia Pacific fund

by Andrea Zander

The $153 billion Teacher Retirement System of Texas (TRS), the largest public retirement system in the state, has committed $250 million to investments on behalf of its real assets portfolio.

It invested $150 million to SCREP VII, an opportunistic fund managed by PAG Investment Advisors. The fund launched in August 2019 with a $2 billion fundraising target. Like the other funds in the fund series, SCREP VII will focus on debt and property investments primarily in Japan, as well as China, South Korea and other select markets in the Asia Pacific region.

And the pension completed its previously announced $100 million commitment to Square Mile Partners VI, an opportunistic fund managed by Square Mile Capital Management.

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