Alfie Crooks

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

The survey, conducted by Barnes & Thornburg, found that 96% of LPs thought it was important for a GP they invest in to have a succession plan.

Headwinds were likely caused by the continued transition to higher base interest rates and a slow-down in M&A activity.