Texas ERS Targeting $1.25B in Private Markets in 2024

The Employees’ Retirement System of Texas recently reviewed their investment plans for private equity, real estate and private infrastructure for the 2024 fiscal year. 

For private equity, $750 million in commitments are planned for 2024. Comparatively, the ERS previously allocated $748 million to private equity in 2023 and $636 million in 2022.

In real estate, $300 million is planned for new commitments. $230 million was allocated in 2023 and $420 million in 2022.

$200 million is planned for the private infrastructure portfolio. $260 million was allocated in 2023 and $345 million in 2022.

As of March 31, 2024, Texas ERS has a market value of $38.8 billion.

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