<p>Teacher Retirement System of Texas has provided an extra $100m (€93.7m) in co-investment capital for AEW Capital Management’s latest senior housing fund.</p>
<p>The $100m in co-investment capital comes on top of an <a href="https://realestate.ipe.com/news/investors/texas-teachers-sets-aside-475m-for-real-asset-portfolio/10013247.article">earlier $150m commitment</a> made to the fund.</p>
<p>It means Texas Teachers has committed $250m to AEW Senior Housing Investors III, representing more than 40% of capital raised. Before the new $100m co-investment, AEW had earlier this year <a href="https://realestate.ipe.com/news/capital-raising/aew-raises-close-to-500m-for-us-senior-housing-fund/10017229.article">raised close to $500m</a>.</p>
<p>According to industry sources, US pension funds typically prefer to limit their holdings in a fund to 30%.</p>