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Investors - FEBRUARY 2, 2016

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Texas pension fund commits $20m to Asia Pacific real estate fund

by Zoë Wolff

The $2.02 billion Forth Worth Employees’ Retirement Fund has committed $20 million to SCORE+, according to Joelle Mevi, executive director and CIO of the pension fund.

The core-plus real estate fund, managed by SC Capital Partners, focuses on the Asia Pacific region. The pension fund previously committed $25 million to SC Capital Partners’ Real Estate Capital Asia Partners IV in 2014.

The retirement fund has a 12.5 percent allocation to real estate; its target allocation to the asset class is 13 percent.

 

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