Texas Municipal Retirement System allocates $775m for REITs, infrastructure
The Texas Municipal Retirement System (TMRS) has allocated US$775 million of commitments comprising US$375 awarded to Nuveen Asset Management and US$400 to Cohen & Steers Capital Management.
This investment managers run separate accounts for the US pension fund. This commitments will aim mostly to invest in REITs (real estate investment trusts) and infrastructure in the US and abroad including existing infrastructure properties, debt and preferred equity.
Texas Municipal began its relationships with the managers in December of last year, allocating each US$350 million.
While Nuveen strategy focuses on investments backed by tangible, long-term assets that demonstrate consistent incomes from long-term contracts and concessions, Cohen & Steers has a multi asset class strategy.
Country news
-
-
October 31, 2016
DC OP3 announces project pipeline and approval of regulations
DC OP3 has announced that the DC Council has approved procurement rules and a project pipeline in the District of Columbia (US). Read more -
October 28, 2016
Atkins hires George Nash as CEO for North America region
Atkins has hired George Nash as CEO of its North America region. The former AECOM executive will join Atkins effective October 31, 2016. Read more -
October 28, 2016
OPIC and I Squared Capital sign commitment for infrastructure investments in Asia
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has signed a commitment to provide US$200 million in financing to ISQ Asia Fund, L.P., an infrastructure fund managed by U.S.-based infrastructure investor I Squared Capital. Read more -
October 27, 2016
Joseph Cahill joins HNTB
Joseph Cahill has joined HNTB Corporation as project delivery officer and associate vice president for the firm’s Massachusetts operations. He is based in HNTB’s Boston office (US). Read more -
October 27, 2016
Diversion Authority shortlists four P3 teams interested in constructing the diversion project
The Metro Flood Diversion Authority has completed its evaluations and interviews of the respondents to the Request for Qualifications (RFQ) for the Public-Private Partnership (P3) constructed portion of the Fargo-Moorhead Metropolitan Area Flood Risk Management Project. Read more
