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