News & Analysis

ERS Texas commits over $250m in commitments

Texas Employees Retirement System' backs a North American and a European credit strategy in its latest round of commitments.

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Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $34 billion
Allocation to alternatives: 35.8%

Employees Retirement System of Texas has approved $150 million to VWH Partners III and $117 million to All Seas Capital I, a contact at the pension informed Private Debt Investor.

The $34 billion pension currently has a target allocation of 1 percent to private debt; its current allocation to the asset class is 0.6 percent. As illustrated below, ERS Texas’s recent fund commitments have predominantly targeted North American and European corporate and real estate debt vehicles.

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