Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
Allocation to alternatives: 28.45%
Employees Retirement System of Texas has confirmed $80 million-worth of private equity commitments to two vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of $50 million to HitecVision VIII and $30 million to MBK Partners V.
The $29.40 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.70 percent.
As illustrated below, the ERS Texas has made 11 commitments to private equity funds with a 2019 vintage, which combined constitute $537 million.
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