Texas Teacher Retirement System, Austin, committed $200 million to BSREP CARS Co-Invest Pooling fund in October, said Juliana Fernandez Helton, a spokeswoman for the $129 billion pension fund, in an e-mail.
The co-investment vehicle is managed by real estate fund Brookfield Strategic Real Estate Partners, a Securities and Exchange Commission filing showed. The fund will provide real estate financing for car dealerships.
The teachers' pension fund has committed or invested in three other funds offered by Brookfield Asset Management, its 2014 financial report showed: Brookfield Strategic Real Estate Partners B; Brookfield Americas Infrastructure Fund; and Brookfield Infrastructure Fund II.
Ms. Helton said she could not provide additional information.