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Friday, September 25, 2026The Morning Brief →Sign in
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Kern County Employees Retirement Association

In PWD coverage since August 25, 2026 · 3 stories
2Deals on our tracker
Deal recordFull tracker →
Aug 24, 26Deal announcedHines Rialto Credit Partners · AG Essential Housing Fund IV · Hudson Bay Real Estate Opportunities Fund II — coverage
Jul 31, 26Deal closedTPG Essential Housing IV · $50M
PWD coverage
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TCDRS buys apartment debt after its property book quadruples

A plan that grew real estate from $1.1 billion to $4.1 billion in five years is now buying income rather than residual, and the rest of TPG's $3 billion raise will reveal whether other public plans follow.
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