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