Texas Municipal Retirement System (TMRS) has committed $100 million to WCP NewCold III, a vehicle of Westport Capital Partners. This commitment was made on Sept. 16, according to TMRS’s 2024 completed investments report.
WCP NewCold III is an opportunistic closed-end fund that plans to develop a pipeline of 31 cold storage warehouses globally. A fundraising goal has not yet been disclosed. This commitment follows the State Board of Administration of Florida’s commitment and the New York State Common Retirement Fund’s commitment in November.
TMRS is a public pension fund that provides benefits to employees of participating Texas municipalities. As of Sept. 30, it had $42.7 billion in total assets under management, with 12 percent targeted at real e
