Investors - JANUARY 14, 2020

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ERS Texas invests $35m in private infrastructure

by Kali Persall

The $28.9 billion Employees Retirement System (ERS) of Texas has disclosed a $35 million co-investment to an unnamed private infrastructure fund.

The commitment was made in December 2019, a spokesperson for ERS said in an email. The organization was unable to provide additional information on the investment.

As of October 2019, the pension fund had a 2.87 percent allocation to the infrastructure asset class, with a long-term target allocation of 7 percent.

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