The $146 billion Teacher Retirement System of Texas has committed approximately $320 million to real estate funds, according to Juliana Fernández Helton, communications specialist for the pension fund.
In the first commitment, Texas TRS awarded a $150 million separate account mandate to Invesco Real Estate for a debt strategy in Asia. This signals an expansion of Invesco’s debt platform, adding to the $1.2 billion it already has raised for its open-ended U.S. debt fund, Invesco Real Estate Pan Asia Credit I, launched last September.
Texas TRS also committed €17 million ($20 million) to a CBRE opportunistic logistics fund, focusing on Spanish investments. The fund, CBRE Spanish Logistics Feeder SCSp, is managed by CBRE Global Investors Luxembourg AIFM S.a.r.l, according to the pension fund.
The last commitment was $150 million to RFM KJ 2015, a real estate fund managed by Related Fund Management. It is a limited partnership fund.
Texas TRS classifies
