The Employees Retirement System (ERS) of Texas has reported two co-investments to infrastructure funds in recent months.
The manager and fund names for the co-investments were not disclosed in the commitment report, and a spokesperson for the pension fund declined to comment on additional details. The amounts were for $25 million and $15 million.
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 glidepath 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 infrastructure strategy includes digital infrastructure, power and utilities, transportation and midstream. Similar to previous years, Texas ERS continues to focus on a
