The $163 billion Teachers’ Retirement System of Texas in Austin continues to build out its alternative investment portfolios with $880 million in fresh real estate and private equity allocations.
Two real estate funds were selected for the $22 billion real estate portfolio. A total of $600 million was committed to the Invesco Real Estate GPA LP, which is an opportunistic and developed international markets strategy managed by Invesco Advisers. The Madison International Prime Property Investors Series II fund was selected to manage $200 million in a core U.S. real estate strategy.
Within the $24 . . .
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