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Texas Pension Official: Sovereign-Wealth Funds Crowd Out Pensions on Co-Investing Opportunities

At a recent board meeting, a top official at the Teacher Retirement System of Texas outlined an emerging source of competition for pension funds looking to co-invest: sovereign wealth funds. Britt Harris, the pension fund’s CIO, said that his fund might have to consider new strategies to get in on the best co-investing opportunities, according to ...
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Texas Teachers Pension Commits $465 Million to Three Real Estate Funds

The Teacher Retirement System of Texas has committed $465 million to three real estate funds, which will invest in a gamut of sectors including residential, industrial, hotel, retail and offices. More from IPE Real Estate: The pension fund is committing $200m to Westbrook Real Estate Fund X, $200m to Carlyle Realty Partners VII and $65m as a co-investment ...
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Texas Teachers Pension Forms $450 Million Residential Real Estate Venture

The Teacher Retirement System of Texas is entering a joint venture with Camden Property Trust that will invest $450 million in U.S. residential real estate. More from Investments and Pensions Europe: The US pension fund is investing in Camden Property Trust’s Multifamily Fund III vehicle, supplying $144m in equity. […] Ric Campo, chairman and chief ...
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Texas Pension Accounting Tweak Will Shift Debt to Schools, If Only Symbolically

In light of newly adopted GASB accounting rules, the Teacher Retirement System of Texas in 2015 will require school districts, colleges – and any other government entities that pay into the system – to declare their employees’ pension liabilities on their books. From the Killeen Daily Herald: School districts across the state will soon have more ...
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Texas Teachers Commits $865 Million to Real Estate

The Teacher Retirement System of Texas has committed $865 million to several real estate funds that will invest in Europe, the U.S. and elsewhere around the globe. Details from IPE Real Estate: The US pension fund approved a $465m allocation to Westbrook Partners’ UWS Co-Investment 9 venture. The manager, which did not comment, will invest in special ...
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Texas Teachers Pension Invests $200 Million in Automotive Real Estate

The Teacher Retirement System of Texas (TRS Texas) has committed $200 million to a fund that invests in car dealership properties. From IPE Real Estate: The pension fund is investing in the $651m BSREP CARS Co-Invest Pooling, a vehicle set up by Brookfield to invest in Capital Automotive, which provides real estate financing for car dealerships. The ...
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The Ten Pension Funds Getting Best Private Equity Returns

A new report from Bison and the Private Equity Growth Capital Council (PEGCC) ranked the ten pension funds seeing the best private equity returns over the last decade. [List can be seen above.] More from HedgeCo.net: The Texas pension’s 10-year annualized private equity return was 18.2 percent, followed by the Massachusetts Pension Reserves Investment ...
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Texas Fund Cuts Hedge Fund Allocation By 1 Percent

The Teacher Retirement System of Texas, one of the largest pension funds in the country, announced Thursday it would cut its allocation to hedge funds by 1 percent. It also changed its target allocations for equities and bonds. Reported by Bloomberg: The board of the $126 billion Texas system approved the change today following an asset allocation ...
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