Searches and Hires

Texas Employees commits $25 million to private market co-investments

Texas Employees Retirement System, Austin, committed a total of $25 million to two private market co-investments, a transaction report showed.

In December, the $29.2 billion pension fund committed $20 million to a private equity co-investment. In February, ERS committed $5 million to a real estate co-investment.

As a matter of policy, the pension fund does not identify managers of its co-investments.

Separately, the pension fund's net returns for periods ended Dec. 31 were one year, 16% (benchmark, 14.9%); three years, 7.8% (7.6%); five years, 8.6% (8.4%); and 10 years, 5.8% (5.6%). Multiyear returns are annualized.