LONDON—AXA Real Estate Investment Managers says it has that it has been appointed by the Teacher Retirement System of Texas, the largest public retirement system in the state, to manage a new $184 million (€135M) investment account, targeting value-add investment opportunities in Europe.
The fund will predominately focus on mainstream value-add investments primarily in Northern Europe.
TRS delivers retirement and related benefits authorized by the Texas Legislature and currently manages approximately $120 billion trust fund established to finance member benefits. It is the sixth-largest public pension plan in the U.S. and among the 20 largest funds in the world. More than 1.3 million public education and higher education employees and retirees participate in the system.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
