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ERS of Texas approves $151m in commitments

Employees Retirement System of Texas has approved commitments of $101 million to BPEA Real Estate Fund II and $50 million to Torchlight Debt Opportunity Fund VI.

The $27.5 billion US public pension has an 11 percent target allocation to private real estate that currently stands at 9.7 percent.

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