Texas County & District Retirement System, Austin, committed €50 million ($53 million) to PW Real Estate Fund III, showed a transaction report on the $25.2 billion pension fund’s website.
The fund, managed by PW Real Assets, will seek opportunistic real estate investments in core European markets.
It is TCDRS’ second real estate commitment this year; the first was $40 million to AG Realty Estate Fund IX in January, which invests opportunistically in underperforming commercial real estate properties, primarily in the U.S.
