Publications

Investors - JUNE 8, 2015

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

Sign in 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?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy