The Teacher Retirement System of Texas (TRS) has committed $475 million to real estate in March, according to investment records.
1SP Seeding and Strategic Capital Fund III, a vehicle of 1 Seed Partners, is an opportunistic fund focused on opportunities in the United States. This fund received $100 million, as of March 17.
Greystar GEPA CoInvest II, a program of Greystar Asia Pacific Sub-Manager, utilizes a value-add approach. The fund received $25 million and targets global opportunities.
GCM Grosvenor’s GCM Real Estate Strategic Platform Investments is an opportunistic fund that received $350 million on March 26, with a focus on the United States.
TRS is a public pension fund with $200 billion in total assets under management and a 15 percent real estate allocation target, as of Dec. 31, 2024. As of then, TRS had $29.8 billion in total real estate assets.
