Texas Teachers adds opportunistic real estate fund

The $165 billion Teachers’ Retirement System of Texas added another fund to its real estate stable with a focus on U.S. opportunistic investments.

The F65 Opportunity Longhorn Fund received a $100 million initial commitment from the Austin-based pension system. The fund is managed by Westbrook Partners, which is an existing manager for the TRS’ portfolio.

In early January, two real estate funds were selected for the $22 billion real estate portfolio. A total . . .

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