Texas TRS puts $750m toward real estate

The $154 billion Teacher Retirement System of Texas has allocated a total of $750 million to real estate, according to Rob Maxwell, investments communications specialist for the retirement system.

Texas TRS committed $300 million to BSREP III Antlia Co-Invest, a real estate fund managed by Brookfield Asset Management Private Institutional Capital Adviser U.S., according to the retirement system. It follows an opportunistic investment strategy. According to a filing with the SEC, the fund has raised $1.173 billion so far. Brookfield Asset Management invests in assets across real estate, infrastructure, renewable power and private equity.

The next commitments were to two funds managed by Harrison Street Real Estate Capital. Texas TRS committed $150 million to Harrison Street Real Estate Partners VII-A and $100 million to HSREP VII Co-Investment 2. Both are opport