Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $34 billion
Allocation to alternatives: 34%
Employees Retirement System of Texas has approved $225 million-worth of commitment across three private real estate vehicles, a contact person at the pension informed PERE.
The commitments comprise $100 million apiece to Blue Vista City Select Fund and GI Partner‘s Essential Science and Technology open-ended fund. The pension fund also approved a $25 million commitment to Camber Creek Fund IV. The fourth vehicle by Camber Creek is seeking $225 million in capital commitments to focus on investments in real estate tech companies in North America.
The $34 billion pension fund currently has a current and target allocation of 12 percent to private real estate. Illustrated below are the full investment portfolio and recent commitments by ERS Texas.
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