The Teacher Retirement System of Texas (TRS) committed $460 million to real estate funds in May, according to investment correspondence.
BDT & MSD Real Estate Capital Partners received $200 million for its closed-end strategy that focuses on acquiring and financing high-quality assets in prime locations in the United States. A fundraising goal has not been determined.
Amperage Industrial, a separately managed account of Berkeley Partners, received $200 million for its strategy focused on real estate assets in the United States.
Two Sigma Real Estate’s TSRE Coinvest VI, an opportunistic fund focused on assets in the United States, received $60 million. A fundraising target was not disclosed.
As of March 31, Texas TRS had $235.2 billion in assets under management. As of Dec. 31, 2025, the public pension fund had $30 billion in total real estate assets with a 15 percent real estate allocation target.
