Texas pension fund commits €50m to real estate
The $25 billion Texas County & District Retirement System has committed €50 million ($54.41 million) to PW Real Estate Fund III, according to a transaction report on the pension fund’s website.
The fund, managed by PW Real Assets, formerly Perella Weinberg, targets properties in France, Germany, Ireland, Portugal, Spain and the United Kingdom, as well as Central and Eastern Europe. The opportunistic fund is seeking to raise €1.5 billion ($1.7 billion).
Recent investors in the fund include the Houston Municipal Employees Pension System, the New Mexico Public Employees Retirement Association, the