Texas Permanent School Fund, Austin, received approval from the Texas State Board of Education for commitments totaling $400 million during a board meeting Friday, confirmed Debbie Ratcliffe, an SBOE spokeswoman, in an email.
The largest commitment was $225 million to Morgan Stanley Real Estate's Prime Property Fund, followed by $100 million to Prologis Targeted U.S. Logistics Holdings II, and $75 million to Invesco Core Real Estate - USA, managed by Invesco Real Estate.
The SBOE oversees investment of the Texas Permanent School Fund.
