The Virginia Retirement System (VRS) has committed $250 million to Hamilton Lane VA Real Estate, a separate account managed by Hamilton Lane that focuses on investing with smaller real estate fund managers on a global scale.

The Ohio Public Employees Retirement System (Ohio PERS) has established a new value-added, opportunistic separate account with Principal Asset Management, committing an initial $150 million. According to IRE.IQ, the account will target providing growth capital to U.S. real estate operating companies.

Separately, Ohio PERS has also made a $200 million commitment to Taconic CRE Dislocation Fund IV, with an additional $75 million set aside for co-investments alongside the fund. Taconic CRE Dislocation Fund IV is a real estate distressed fund managed by Axonic Capital.

Finally, the Texas Permanent School Fund has approved a $200 million commitment to Ares U.S. Real Estate Fund XI, the latest value-added U.S. real estate fund from Ares Management