Teacher Retirement System of Texas invests $750m

The US public pension has backed five private real estate vehicles.

Institution: Teacher Retirement System of Texas
Headquarters: Austin, United States
AUM: $151bn
Allocation to alternatives: 31.51%

The Teacher Retirement System of Texas has committed $100 million each to LVA5 Co-Investment I, Lionstone U.S. Value-Add Five, and HSREP VII Co-Investment 2, $150 million to Harrison Street Real Estate Partners VII, and $300 million to BSREP III Antlia Co-Invest.

The $151 billion US public pension has a 14.0 percent target allocation to private real estate that currently stands at 11.8 percent.

As illustrated in the charts below, the Teacher Retirement System of Texas made five private real estate fund commitments in November 2018.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.