Publications

Investors

To read this full article you need to be subscribed to Newsline.

Start Your Free Trial Now View Purchase Options

Texas Teachers commits $150m to real estate

by Andrea Waitrovich

The Texas Teacher Retirement System has committed $150 million to PCCP Equity VII, according to Juliana Fernandez Helton, a spokesperson for the pension fund.

The opportunistic fund, managed by PCCP LLC, launched in January 2015 and is targeting $500 million. The fund will focus on distressed office, multifamily, retail and industrial properties across the United States. PCCP is aiming for a gross return of 18 percent to 20 percent.

The $133 billion pension fund has a 16 percent target allocation to real estate.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?