JULY 17, 2013

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Texas Teachers invests $550 million in real estate and infrastructure

by Ross Dohrmann, released 7/15/13

The $116.1 billion Texas Teacher Retirement System (TRS) has committed a combined $550 million into two real estate funds and one infrastructure fund.

Howard Goldman, TRS director of communications, confirms TRS has invested $200 million in Ranger Co-Investment Fund III (RCIF III), managed by LaSalle Investment Management; $300 million in Brookfield Infrastructure Fund II-B; and $50 million in AGRE Asia Real Estate Investment. The AGRE investment is part of the pension's fund strategic partnership with Apollo Global Real Estate.

TRS’ strategy is to invest capital committed to RCIF III across all risk spectrums. Ranger III seeks the best-in-class real estate co-investment opportunities across all property types, risk profiles, capital structures, and geographies.  The fund intends to invest the majority of the c

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