Texas Teachers assigns $880 million to 3 alternative funds
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The $162.7 billion Texas Teacher Retirement System, Austin, committed $880 million to three alternative investment funds in December, a transaction report showed.
From the system s $22.2 billion real estate portfolio, $600 million was committed to Invesco Real Estate GPA, run by existing manager
Invesco Real Estate. The fund s portfolio managers will acquire opportunistic properties in international developed markets.
The Invesco fund is a separately managed account for TRS, spokesman Robert Maxwell confirmed. TRS has committed and invested in multiple Invesco real estate strategies.
The system s investment officers also committed $200 million to Madison International Prime Property Investors Series II, which will focus on equity financing real estate transactions involving high-quality core real estate properties in the U.S.