Dakota Public Fund Daily Investment News

September 14, 2021

Employees’ Retirement System of Texas

Downtown Austin, Texas

Plan Assets – $32,023,000,000
General Consultant – Meketa: Christy Field, David Glickman
General Consultant – NEPC: Sam Austin
Hedge Fund Consultant – Albourne: Tathata Lohachitkul
Metro Area – Austin

Opportunistic Credit Asset Allocation
The Board will meet on August 25 to discuss eliminating Opportunistic Credit as an asset class and redistributing the current 3% allocation to Fixed Income at 2% and Special Situations at 1%.

Special Situations Portfolio Allocation
The Hedge Fund team received Board approval for an investment allocation of $175 million and
alternatives for inclusion into the overall trust. The funds will reside within the Trust’s Special Situations Portfolio.

Private Equity Tactical Plan 2022
Staff is recommending $800 million in commitments.

Absolute Return Portfolio Tactical Plan 2022
In FY22, the ERS Hedge Fund team will target up to five new hedge fund commitments for the Absolute Return Portfolio. These allocations will include both new strategy exposures and replacements to existing allocations.

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