ERS Texas approves $125m commitment

The US public pension has backed a North American private debt fund.

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $28.30 billion
Allocation to alternatives: 30.0%

Employees Retirement System of Texas has agreed to commit $125 million to Balance Point Capital Partners V, a contact at the pension informed Private Debt Investor. The fifth flagship fund by Balance Point Capital is a mezzanine debt fund that focuses on investing in corporate sector.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the North America region.

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