PCCP Equity Fund VIII plans to raise $750m. : Teacher Retirement System of Texas (TRS) has extended its relationship with PCCP by investing in the manager’s latest value-add real estate fund, helping it raise more than 60% of its $750m (€632m) target. Texas TRS told IPE Real Assets that it made one real estate commitment in April by approving a $150m investment in PCCP Equity Fund VIII. Earlier this year, City of Fresno Retirement Systems said in a board meeting agenda that PCCP was planning to raise $750m for Fund VIII. PCCP’s previous fund raised $601m.