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Texas pension fund commits $100M to residential investment platform

Texas County & District Retirement System invested $100.0 million into a $500.0 million U.S. residential fund set up by FPA Multifamily, IPE Real Assets reported, citing a statement on the pension fund's website.

According to the report, FPA Core Plus Fund IV plans to invest in value-add assets with strong existing income.

FPA Multifamily did not offer a comment on the matter, the publication noted.