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ERS Texas approves $130m in commitments

The US public pension has backed two North American private equity funds.

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Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $27.10 billion
Allocation to alternatives: 30.2%

Employees Retirement System of Texas has agreed to commit $100 million to Dover Street X and $30 million to KSL Capital Partners Credit Opportunities Fund III, a contact at the pension informed Private Equity International.

The $27.10 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 15.10 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the leisure, technology, financial services, renewables and healthcare sectors within the North America region.

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