Pension fund makes second investment in Baring Private Equity Asia fund. : Texas County & District Retirement System is investing $100m (€82.7m) in an Asian real estate debt fund. According to its website, the pension fund has approved the commitment to BPEA Real Estate Fund II, managed by Hong Kong-based Baring Private Equity Asia. The fund is expected to raise $750m, having secured $488m in a first close in December, according to sources that track capital raising. The fund will invest in value-added and opportunistic debt opportunities in China, Hong Kong, Japan, South Korea, Singapore, the Philippines and Australia.