The $200 billion Teachers' Retirement System of Texas (TRS) in Austin had another active month in alternative investment strategies as it tapped seven fund managers.
Within real estate, roughly $320 million was put to work across two existing managers. Blackstone Real Estate Partners X received a $300 million commitment. The Blackstone offering is focused on the domestic market and has yet to close. Its predecessor fund, BREP IX, collected $20.5 billion in capital for its 2019 close and was the largest real estate fund ever raised by the firm.
Also selected were two . . .
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