ERS Texas approves $50m commitment

The US public pension has backed a North American 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 Marcus Capital Partners Fund III, a contact at the pension informed PERE.

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

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

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