Searches and Hires

Texas County & District commits €85 million to European real estate fund

Texas County & District Retirement System, Austin, made a second commitment to a real estate fund so far in August by earmarking €85 million ($97 million) to Aermont Capital Real Estate Fund IV, a transaction report showed.

The commitment is the $29.2 billion pension fund's first to Aermont Capital, formerly Perella Weinberg Real Estate.

The fund will target opportunistic real estate investments in Western Europe.

Year-to-date through Aug. 15, the pension fund's investment officers have committed a total of $347 million to four real estate funds, including the latest commitment to Aermont Capital.

In 2017, TCDRS committed a total of $374 million to five real estate strategies.