Texas County & District Retirement System, Austin, committed €65 million ($79 million) to Victory Advisors, a new real estate manager for the $38.1 billion system, a transaction report showed.
The commitment from the pension fund's $1.4 billion real estate portfolio is to Victory European Real Estate Fund II (A), which will seek investments in Western Europe.
With the addition of the Victory fund, the system has committed a total of $328 million to four real estate funds run by four managers through May 17.
TCDRS made one real estate commitment of $175 million in all of 2020, according to that year's transaction report.
