TMRS approves $300m commitment

The US public pension has backed a North America-focused real estate debt fund.

Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
AUM: $29.98bn
Allocation to alternatives: 18.30%
Bitesize: $50-100m

Texas Municipal Retirement System has agreed to commit $300 million to PIMCO Corporate Opportunities Fund III, a contact at the pension informed Private Debt Investor.

The $29.98 billion US public pension has a 4.80 percent allocation to private debt.

As illustrated below, Texas Municipal Retirement System has made seven commitments to private debt funds with vintage years of 2018 through 2020, which combined constitute $1.15 billion.

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