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ERS Texas approves $75m commitment

The US public pension has backed an infrastructure fund.

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

Employees Retirement System of Texas has agreed to commit $75 million to Actis Energy 5, 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 3.17 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the energy, transport, utilities and telecommunication sectors within the Asia-Pacific, Europe and North America regions.

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