The Texas Municipal Retirement System (TMRS) has committed $100 million to NorthPoint Industrial Fund VII, according to meeting materials.
NorthPoint Industrial fund VII is a closed-end, opportunistic fund with a fundraising goal of $1 billion that invests in industrial properties in the United States. NorthPoint Industrial Fund VI, its predecessor, had an initial fundraising goal of $1 billion and raised $599 million in equity.
TMRS, a public pension fund, had $43.1 billion in total assets under management as of March 31, 2025. As of Dec. 31, 2024, it had a 12 percent real estate allocation goal with $5 billion in total real estate assets.
