Institution: Employees Retirement System of Texas (Texas ERS)
Headquarters: Austin, United States
Allocation to alternatives: 22.07%
Employees Retirement System of Texas (Texas ERS) has committed an additional $43.3 million to Actis Long Life Infrastructure Fund, bringing its total commitment to $93.3 million.
The $29 billion US pension has a 6 percent target allocation of infrastructure that currently stands at 1.96 percent.
As illustrated in the charts below, Texas ERS also invests in private equity with a current allocation of 13.21 percent against a 12 percent target. The pensions’ real estate allocation is currently 6.9 percent against a 9 percent target.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.