Employees Retirement System of Texas related stories
All articles and analysis
Texas ERS seeks director of PEThe Employees’ Retirement System of Texas is looking for a director of private equity after Patrick O'Hara announced his resignation. O'Hara is heading to Brazos Private Equity Partners.
- Texas ERS may cut PE allocation by $100m
The $20bn US pension is also considering carving out a new allocation for debt investments.
- Texas ERS to quadruple real estate exposure
The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.
- Texas Employees to chop allocation in 2010
The $18.4bn pension will reduce its private equity exposure by $400m compared to fiscal 2009.
- Texas ERS to allocate $1bn to private equity this year
The pension is committed to building its fledgling private equity portfolio and forecasts meeting its targeted 8% allocation to the asset class by 2013, with commitments totaling $3.8bn.
- Texas lawmakers ask pensions to seed state-focused infrastructure fund
Exploring alternatives to plug the state's projected budget shortfall for transportation projects, the US state's executive and legislative leaders are examining the possibility of creating a Texas-focused transport infrastructure fund.
- Two US pensions to invest $1.6bn in private equity
Nascent private equity programmes for the Arizona State Retirement System and the Employees Retirement System of Texas are making major commitments to the asset class this year.