Texas Permanent School Fund commits to four real estate funds in first quarter
Texas Permanent School Fund made a series of commitments to real estate managers in the first quarter of the year.
These included a $75 million commitment to AG Europe Realty Fund III, building on an existing relationship with Angelo, Gordon & Co.
The fund also committed $55 million to BlackChamber Real Estate Opportunity Fund, managed by BlackChamber Partners; $50 million to GreenOak Europe III, managed by BentallGreenOak; and a total of $50 million in CapRock Partners Management, with $35 million going to CapRock Partners Value-Add Industrial Fund III and $15 million allocated to CapRock Partners Industrial Co-investment Fund III (TX).
The latter commitments with BlackChamber, BentallGreenOak and CapRock represent new manager relationships for Texas Permanent.
The commitments follow a $50 million commitment to Exeter Industrial Value Fund V, building on an existing relationship with Exeter Property Group, in the fourth quarter of 2019.