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Investors - OCTOBER 8, 2019

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Texas retirement system commits $125m to Sculptor fund

by Kali Persall

The Texas County & District Retirement System (TCDRS) has committed $125 million to Sculptor Capital Management’s fourth real estate fund, a recent investment report reveals.

The investment closed on Oct. 3.

The Sculptor Real Estate Fund IV, managed by Sculptor, is an opportunistic fund targeting opportunities across a wide range of geographies and asset classes.

Sculptor Real Estate has completed more than 133 transactions across 21 diverse real estate asset classes, including lodging, multifamily, gaming, distressed residential, cell towers, senior housing, parking and golf courses, among others, according to the firm’s website. Roughly 64 percent of Sculptor’s invested capital has been deployed in non-traditional asset classes.

TCDRS’s real estate portfolio was valued at $821 million, as of June 30. The pension fund had nearly $30 billion in net assets as of Dec. 3

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