Texas TRS commits €90m to European fund
The $133.4 billion Teacher Retirement System of Texas has committed €89.7 million ($102 million) to European Value Partners 2, according to Juliana Fernández Helton, communications specialist at TRS.
European Value Partners 2, managed by CBRE Global Investors, recently launched in June with a $1 billion fundraising target. The value-added real estate fund will invest in office, industrial, multifamily and retail properties throughout Europe. The fund plans to close in June of next year, according to IREI’s FundTracker database.
Texas TRS has previously committed to other funds managed by CBRE Global Investors, such as a $200 million commitment to CBRE Strategic Partners U.S. Value 8, a value-added, closed-end fund that focuses on investments in major and secondary U.S. markets, focusing on class A office, industrial, retail and multifamily properties.
As of March 31,