Texas Employees commits $235 million to 4 alternative funds

Texas Employees Retirement System, Austin, committed a total of $235 million to four alternative investment funds, a transaction report showed.

Investment officers of the $27.8 billion pension fund committed an aggregate $141 million to three private equity managers.

In November, ERS committed €50 million ($57 million) to Triton Fund V, a European buyout fund managed by Triton Partners, a new manager for the pension fund.

Astorg Partners, another new manager for ERS, was awarded a commitment of €28 million for Astorg VII in December. The middle-market buyout fund will seek investments in the health-care, industrial and business services sectors in western Europe.

Existing manager Carlyle Group received a €40 million commitment to Carlyle Europe Technology Partners IV in January. The fund's portfolio managers will focus on buyout opportunities in European technology, media and telecommunications sectors.

The pension fund also committed $100 million in December to Northwood Real Estate Partners Series IX, which will seek investments in hospitality, retail office and residential properties in the U.S. and Europe. The real estate fund is managed by existing manager Northwood Investors.