Texas Permanent School Fund has boosted its exposure to industrial actual property by investing $150m (€153m) in two funds.
Following a public information request, the pension fund confirmed it had dedicated $75m to EQT Exeter Industrial Value Fund VI and $75m to GCP SecureSpace Property Partners.
EQT Exeter Industrial Value Fund VIÂ is a closed-ended fund that appears to accumulate US industrial belongings with a value-add part.
GCP SecureSpace Property Partners is managed by GLP Capital Partners and invests globally in logistics belongings.
Texas Permanent can also be investing in Breakthrough Properties Income Portfolio I, which focuses on life science actual property globally.
The funding varieties a part of a $75m dedication made to Breakthrough Properties Growth Portfolio I two years in the past.
Both funds are managed by Breakthrough Properties, a life science real estate joint venture fashioned by Tishman Speyer and Bellco Capital.
The sovereign wealth fund additionally dedicated $25m to Portfolio Advisors Real Estate Fund VIII, which is able to put money into opportunistic and value-add actual property by major fund commitments, secondary-market trades and co-investments.
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