FUNDRAISING NEWS | October 04, 2023
The Texas Municipal Retirement System disclosed four investments totalling $2.56 billion.
$600 million was allocated to Arrowstreet Global Equity.
$1.71 billion was allocated to Northern Trust Fixed Income.
Two commitments were made to real estate. $125 million was allocated to both Virtus Real Estate Capital IV and Stockbridge Value Fund V.
The $37 billion Retirement System has an actual and target allocation to public equity of 34.9% and 35%. The actual and target allocation to fixed income is 23% and 26% respectively. The actual and target allocation to real estate was 13.3% and 12% respectively.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Jane Bailey is a Marketing Associate at Dakota.
