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Texas Teachers commits $200m to Starwood fund

The $132.7 billion Teacher Retirement System of Texas has committed $200 million to Starwood Global Opportunity Fund XI, managed by Starwood Capital Group.

The closed-end opportunistic fund, which invests in U.S. and European properties, has a $6 billion equity fundraising target.

The fund has received commitments from a number of institutional investors, including Texas County & District Retirement System, University of Vermont and South Dakota Investment Council.

Texas TRS

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