Employees Retirement System of Texas has approved an $87.5 million commitment to Landmark Equity Partners XVI, $75 million to Carlyle Global Financial Services III, $62.5 million to Landmark Co-invest II and $50 million each to Frontier Fund V and Castlelake V.
The $27 billion US public pension has an 11 percent target allocation to real estate that currently stands at 9.5 percent.
Platinum subscribers may click here for the pension’s full profile, including
key contacts, allocation strategy and fund investments.
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