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Related Cos. opportunistic real estate fund attracts $125M

The Related Cos. LP's latest opportunistic real estate fund attracted $125 million from the Texas County & District Retirement System, IPE Real Assets reported, citing confirmation from the pension fund.

The fundraising target for Related Real Estate Fund III was not disclosed.

The fund will invest in repositioning of U.S. real estate assets and distressed debt related to development projects, the publication noted, citing industry sources.

Related Cos. did not respond to a request for comment, IPE Real Assets added.