Texas Teacher Retirement System, Austin, committed a total of $433 million to two opportunistic real estate funds, confirmed Howard J. Goldman, a spokesman for the $117.5 billion pension fund, in an e-mail.
The pension fund's internal investment officials, who have investment discretion over almost all investments, committed $300 million to KKR Real Estate Partners Americas, managed by Kohlberg Kravis Roberts & Co. The fund's focus is on acquisitions in Europe and the U.S.
An additional €100 million ($133 million) was committed to Tristan EPISO 3 Fund, managed by Tristan Capital Partners. The fund will primarily seek deals in Poland and Germany.
