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Texas Employees approves $325m in commitments

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.

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key contacts, allocation strategy and fund investments.