The Teacher Retirement System (TRS) of Texas has committed $1 billion to real estate funds in October, according to official investment correspondence.
IDR Strategic Opportunities Fund received $500 million for its closed-end, core strategy. Investors Diversified Realty (IDR) Investment Management, the fund’s manager, develops index funds for the private equity real estate class. The investment strategy of this fund focuses on executing highly targeted secondary market transactions to exploit liquidity and valuation imbalances in institutional private real estate in the United States.
According to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., TRS was identified as the majority founding investor in IDR’s Core Property Index Fund, described as one of the first open-end private equity real estate funds designed to track the NCREIF NFI-ODCE Index.
Almanac Realty Securities X (ARS X), a program of NB Alternatives Advisers, received
