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Texas Teachers commits $100m to Asian real estate

by Zoë Wolff

The $128 billion Teacher Retirement System of Texas has committed $100 million to AEW Value Investors Asia II, according to a recent transaction report.

The value-added fund is seeking to raise $750 million and invests in the major Asian gateway cities of Hong Kong, Seoul, Shanghai, and Taipei, Taiwan.

The pension fund has a 14 percent target allocation to real estate.

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