The $38.1 billion Texas County & District Retirement System, Austin, committed $125 million to a new real estate fund from Carlyle Group, an existing manager, a transaction report showed.
TCDRS real estate investment officers made the commitment Wednesday to Carlyle Realty Partners IX from the system's $1.2 billion private real estate portfolio
In 2017, the system committed $100 million to the predecessor fund in Carlyle Partners' series of opportunistic real estate funds, whose portfolio managers seek investments in U.S. rental housing, industrial and life-science office properties.
With the addition of Carlyle Realty Partners IX, TCDRS has committed $568 million to six real estate funds run by six investment managers as of June 30, the system's 2021 transaction report showed.
In 2020, the system committed $175 million to one real estate fund, according to its 2020 transaction report.
