Texas TRS commits $225m to real estate credit fund

The $151.4 billion Teacher Retirement System of Texas has committed $225 million to Mack Real Estate Credit Strategies, according to Rob Maxwell, investments communications specialist for the pension fund.

Mack Real Estate Finance is managed by Mack Real Estate Credit Strategies. To date, the fund has raised more than $500 million.

Texas TRS has a target allocation to real estate of 14 percent.