Pension fund approves €85m for Aermont Capital Real Estate Fund IV. : Texas County & District Retirement System (TCDRS) is investing in the latest real estate funds managed by Aermont Capital and Carmel Partners. The pension fund said in a meeting document that it has approved commitments of €85m (€73.8m) to Aermont Capital Real Estate Fund IV and $75m to the Carmel Partners Investment Fund VII fund. As previously reported, Aermont is seeking to raise €1.6bn by next month, with a hard cap of €2bn.