Texas Teacher Retirement System, Austin, disclosed real estate and infrastructure commitments totaling $375 million completed during September, said spokesman Rob Maxwell.
The $203.7 billion pension fund committed $150 million to Cerberus Multi Listing Exit Fund, a core real estate fund managed by Cerberus Capital Management; 1.08 billion Swedish kroner ($104 million) to Waterloo Property Partners, a European value-added real estate fund managed by BRE; £50 million ($66 million) to GIP Polaris Fund, a value-added infrastructure fund managed by Global Infrastructure Management; and $55 million to Core Atlanta Northside Fund, a value-added real estate fund managed by CSF Asset Management.
As of June 30, the actual allocations to real estate and the pension fund’s energy, natural resources and infrastructure asset class were 14.4% and 6.8%, respectively; their respective targets are 15% and 6%.
