Texas Teachers builds up real estate/infrastructure investments

The $177 billion Teachers’ Retirement System of Texas (TRS) in Austin added five more alternative investments worth about $360 million with a focus on real estate and infrastructure investments, according to the system’s rundown of investments closed in April.

Real estate and infrastructure investments totaled $320 million last month as officials eyed both domestic and international developments. Last year, the market value of the TRS Real Estate portfolio reached $22.5 billion, with a continued focus on expanding its global reach through its principal investments program in Austin and London. The portfolio had an allocation target . . .

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