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TPSF commits $50m to debt fund

TPSF has approved a $50m commitment.

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  • Name: Texas Permanent School Fund
  • HQ: Austin, US
  • AUM: $42.57 billion
  • Allocations to private debt: 7%

Texas Permanent School Fund (TPSF) has confirmed a $50 million commitment to Berkshire Bridge Loan Investors-MF1 III, according to its meeting material.

Established in 1966, Berkshire Residential Investments is a Massachusetts-based firm that specialises in providing equity and debt investment solutions in residential properties across the US.

The Berkshire Bridge Loan Investors-MF1 III provides debt in North America across the real estate sector. TPSF has a 7 percent allocation to private debt, which comprises $2.98 billion in capital.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments