Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $34 billion
Allocation to alternatives: 34%
Employees Retirement System of Texas has made a follow-up commitment of $50 million to Blue Vista City Select Fund, according to pension’s latest commitment report. Earlier this year, the $34 billion US pensions had previously allocated $100 million to the City Fund.
Texas ERS currently emulates its 12 percent target allocation strategy to private real estate. As illustrated below, the recent fund commitments have predominantly targeted North American value-add and opportunistic vehicles.
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