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ERS Texas approves $35m commitment

The US public pension has backed an infrastructure co-investment vehicle.

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $28.67bn
Allocation to alternatives: 24.47%
Bitesize: $50-100m

Employees Retirement System of Texas has agreed to commit $35 million to QIC Limited’s co-investment vehicle QGIF Sprint, a contact at the pension informed Infrastructure Investor.

The $28.67 billion US public pension has a 7.0 percent target allocation to infrastructure which currently stands at 2.68 percent.

As illustrated below, ERS Texas has made four commitments to infrastructure funds with a 2018 or 2019 vintage, which combined constitute $328.3 million.

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