Texas County & District Retirement System, Austin, committed $40 million to Rockpoint Real Estate Fund V at the end of December, a recent transaction report on the $23 billion fund's website showed.
The fund is managed by Rockpoint Group and will focus on opportunistic investments in distressed properties in major U.S. markets in office, hospitality and multifamily sectors.
TCDRS also committed $40 million in December to North American-focused buyout fund KSL Capital Partners IV, the report showed.
The two new commitments bring TCDRS' 2014 investments and commitments to alternative investment funds to $1.9 billion in 46 funds.
The pension fund's commitments to 33 funds in its private equity, distressed debt and private real estate category, including the Rockpoint real estate fund and the KSL private equity fund, totaled $1.3 billion.
Hedge fund investments totaled $380 million in 10 strategies.
Three opportunistic credit and direct lending managers received commitments totaling $251 million, the TCDRS transaction report said.