Employees Retirement System of Texas makes €118m in commitments

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $27.84bn
Allocation to alternatives: 24.58%
Bitesize: $50-100m

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.

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