Texas ERS commits $165m to two real estate funds

The $28.5 billion Employees Retirement System of Texas has committed $165 million to two real estate funds, according to Aris Oglesby, investment analyst for the pension fund.

The first commitment was $75 million to IndoSpace Logistics Park III, managed by IndoSpace Partners.

The second commitment was $90 million to an undisclosed co-investment fund. It was an additional commitment to the undisclosed fund, bringing the total commitment to $150 million.

In additional commitments to real estate funds, Texas ERS recently committed $60 million to KSL Capital Partners V, a private equity fund that will invest in travel and leisure businesses including hotels, resorts, clubs and fitness properties. The fund has a target size of $2.7 billion.

Texas ERS has an actual allocation to real estate of 9.44 percent.