The Employees Retirement System of Texas (ERS) has disclosed a $15 million investment to a private infrastructure co-investment fund.
The pension fund was unable to provide additional details about the investment or the fund manager. A spokesperson clarified Texas ERS does not disclose such information on co-investments.
Texas ERS committed a total of $40 million to two other co-investment funds in recent months.
In late 2024, Texas ERS announced its private infrastructure team expected to make four to nine new infrastructure commitments, totaling approximately $200 million, in fiscal year 2025 as part of its pacing plan. The objective of the pacing analysis is to create a realistic glide path to manage the overall exposure to the long-term target allocation of 5 percent. This commitment schedule would run from Sept. 1, 2024, to Aug. 31, 2025.
Texas ERS’ private
