The Employees’ Retirement System of Texas (ERS) has disclosed approximately $533 million in commitments to private equity, real estate, and infrastructure funds, according to a May 2022 ERS report.
$60 million was committed to buyout fund Cotton Creek IV. $85 million was committed to buyout fund Advent International X. $100 million was allocated to private equity fund, LGT Crown Secondaries Special Opportunities III PLC. Growth fund, Brighton Park Capital Fund II was given a $50 million commitment. $40 million was committed to Avista Healthcare Partners VI, a buyout fund focused on healthcare companies in the U.S. and Europe. Approximately $48 million was committed to Hg Genesis 10.
Real estate fund, Wheelock Long Term Value Fund (Tranche II) was given a $100 million commitment. Wheelock LTVF “invests in high-quality, cash-flowing real estate assets in major domestic markets and submarkets with particularly strong potential for long-term income growth”, per Wheelock’s website.
$50 million was committed to infrastructure fund, KKR Asia Pacific Infrastructure Investors II.
As of May 2022, private equity represents 19.4% of assets, private real estate represents 10.6% of assets, and infrastructure represents 4.9% of assets.
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