Investors - NOVEMBER 18, 2021

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Texas Municipal Retirement System announces three new real estate commitments

by Kali Persall

In an investment report from October, the Texas Municipal Retirement System (TMRS) disclosed nearly $400 million in new real estate commitments during the previous months.

The pension fund committed $200 million to Ascentris / TM Partners, a value-add private market fund and a new manager for TMRS.

TMRS also put $80 million each in Grandview II and Grandview II TX co-invest, representing existing noncore relationships for the pension fund.

In September, TMRS announced that it was seeking an experienced investment executive to manage its $35 billion trust fund. Earlier in September, TMRS also published a job posting seeking an investment analyst for its real estate and other public- and private-

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