Texas County & District Retirement System, Austin, announced its first 2015 commitment to a private fund, allotting $40 million to AG Realty Estate Fund IX on Jan. 28, a recent transaction report on the $23 billion pension fund's website showed.
The fund is managed by Angelo Gordon & Co. and will invest opportunistically in underperforming commercial real estate properties, primarily in the U.S. The fund’s investment guidelines permit investment in real estate debt and real estate companies as well as property.
