ERS Texas approves $100m commitment

The US public pension has backed a North American infrastructure fund.

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $28.30 billion
Allocation to alternatives: 30.0%

Employees Retirement System of Texas has confirmed a commitment of $100 million to Stonepeak Infrastructure Fund IV, a contact at the pension informed Infrastructure Investor.

The $28.30 billion US public pension has a 7.0 percent target allocation to infrastructure that currently stands at 3.2 percent.

As illustrated below, the institution’s recent commitments are to funds focused on the energy, transport and renewables sectors across North America, Asia-Pacific and Europe.

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