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ERS Texas approves $105m in commitments

The US public pension has backed two North American real estate funds.

Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $27.10 billion
Allocation to alternatives: 30.2%

Employees Retirement System of Texas has agreed to commit $75 million to DivcoWest Fund VI and $30 million to KSL Capital Partners Credit Opportunities Fund III, a contact at the pension informed PERE.

The $27.10 billion US public pension has a 12.0 percent target allocation to real estate that currently stands at 11.40 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the hospitality, residential and office sectors within the North America region.

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