Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 24.58%
Employees Retirement System of Texas (ERS) has agreed to commit €50 million to Triton V, €40 million to Carlyle Europe Technology Partners IV and €28 million to Astorg VII, a contact at the pension revealed to Private Equity International. While Carlyle Europe Technology Partners IV invests globally, Astorg VII and Triton V focus on Europe.
The $27.84 billion US public pension has a 13.0 percent target allocation to private equity which currently stands at 14.75 percent.
As illustrated in the charts below, ERS has committed to seven funds with a vintage of either 2018 or 2019, with each of these funds focusing specifically on buyouts and corporate private equity.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.