ERS Texas approves $50m commitment

The US public pension has backed a North American private real estate fund.

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $28.3 billion
Allocation to alternatives: 30.9%

Employees Retirement System of Texas has agreed to commit $50 million to Principal Digital Real Estate Fund, a contact at the pension informed PERE.

The $28.3 billion US public pension fund has a 12 percent target allocation that currently stands at 11.1 percent.

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

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