Searches and Hires

Texas Employees commits $75 million to India logistics properties fund

Texas Employees Retirement System, Austin, committed a total of $165 million to two real estate strategies in August, a transaction report showed.

The $28.3 billion pension fund committed $75 million to a new manager for investment in the IndoSpace Logistics Parks III.

The fund, managed by a joint venture between Realterm Global and Everstone Capital, will seek to acquire and develop light manufacturing and industrial facilities throughout India.

ERS also topped up an existing private real estate co-investment fund with $90 million for a total commitment of $150 million. The pension fund does not identify its co-investment managers, according to its policy.