The Employees Retirement System (ERS) of Texas has disclosed a $100 million commitment to a private infrastructure fund in November.
Texas ERS invested in the KKR Asia Infrastructure Investors fund, managed by global investment firm KKR & Co. The KKR fund follows a value-added investment strategy and seeks infrastructure investments with limited downside risk, according to the firm.
The fund launched in November and did not disclose a fundraising target in its SEC filing.
As of Sept. 30, Texas ERS has a 3 percent allocation to infrastructure.
