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Texas ERS approves $75m in commitments

The US public pension has backed a travel and leisure-focused and a sector-agnostic fund.

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Employees Retirement System of Texas has approved a $60 million commitment to KSL Capital Partners V and a $15 million commitment to Baring Asia Private Equity Fund VII.

The $28.5 billion US public pension has a 12 percent target allocation to private equity that currently stands at 13.1 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.