Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 24.94%
Employees Retirement System of Texas has agreed to commit $25 million to ERS Private Equity Emerging Manager Fund III; a separate account managed by Baring Private Equity Asia, and $15 million to an undisclosed co-investment vehicle, a contact at the pension informed Private Equity International.
The $28.29 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.93 percent.
As illustrated below, Employees Retirement System of Texas has made five commitments to private equity funds with a 2019 vintage, which combined constitute $309.39 million.
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