Institution: Employees Retirement System of Texas
Headquarters: Austin, Unites States
Allocation to alternatives: 24.32%
Employees Retirement System of Texas (ERS) has agreed to commit $15 million and $5 million to two separate private equity co-investment vehicles, a contact at the pension informed Private Equity International. The names of the two vehicles were not disclosed.
The $28.30 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.60 percent.
As illustrated in the charts below, ERS has made nine commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $412.92 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.