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Texas ERS approves $75m commitment

The US public pension has backed a student housing-focused 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 Campus Real Estate Partners II, a contact at the pension informed PERE. Campus Apartments’ value-add fund focuses on student housing investments in the United States.

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

As illustrated in the charts below, Texas ERS has committed to three real estate funds with a 2019 vintage, which combined constitute $250 million.

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