ERS Texas approves $75m commitment

The US public pension has backed Rockpoint's sixth series opportunistic real estate fund.

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 $75 million to Rockpoint Real Estate Fund VI, a contact at the pension informed PERE. The opportunistic fund invests across North America.

The $28.67 billion US public pension has a 9.0 percent target allocation to real estate that currently stands at 7.56 percent.

As illustrated in the charts below, ERS Texas is a repeat investor to this fund series having committed $135 million to Fund IV and $100 million to Fund V.

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