Texas Municipal invests in Stonepeak's debut real estate fund

Texas Municipal invests in Stonepeak's debut real estate fund

IPE RA magazine September/October 2022 Texas Municipal Retirement System (TMRS) is investing in the first real estate fund to be launched by Stonepeak. The pension fund has approved a $150m (€153m) commitment to Stonepeak Real Estate Partners, according to a board meeting document. It is the first real estate fund to be launched by infrastructure fund manager Stonepeak, which moved into the asset class last year, according to sources familiar with the company. Stonepeak participated in the acquisition of The …