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Texas Employees puts more into alternative investment funds

Texas Employees Retirement System committed or invested a total of $115 million in September to four alternative investment strategies, a transaction report from the $28.3 billion fund showed.

Three managers received additional commitments to existing funds from the Austin-based fund.

KSL Capital Partners V received a follow-up commitment of $50 million for a total of $100 million to the buyout private equity fund. The original commitment was made in July 2018.

System investment officials invested an additional $25 million in hedge fund manager Complus Asset Management's Complus Asia Macro Fund for a total of $105 million. The first investment in the fund was made in September 2016.

An additional commitment of $20 million, for a total of $60 million, was awarded to Cotton Creek Capital Partners III. The original investment in the lower-middle-market private equity fund was made in November 2017.

The system also committed $20 million for an unnamed co-investment. Fund officials do not disclose the identities of its co-investment managers.