T
exas Teachers’ $209.5 bn pension plan allocated €173 m ($200 m) September to real‑estate and infrastructure ventures. It entered a partnership with Feldberg Capital, investing €75 m in the Verto Logistics JVCo to pursue opportunistic deals across Europe. Feldberg Capital specializes in logistics assets. The fund also committed $100 m to Temerity Strategic Partners II, a real‑estate vehicle focused on apartments and retail that seeks 15‑18 % IRR. It issues commitments to other managers’ joint ventures. The first series closed in November 2024 with over $175 m in commitments, though fundraising details remain undisclosed; the strategy targets residential and retail properties. Additionally, Texas Teachers made its inaugural commitment to Tailwater Capital, allocating $25 m to the Tailwater Infrastructure CV I fund for opportunistic energy‑infrastructure projects United States. Tailwater is renowned for its energy‑infrastructure portfolio.