Texas Employees Retirement System, Austin, committed a total of $281 million to five alternative investment strategies in late September and October, a transaction report from the $28.6 billion fund showed.
From the system's $4.6 billion private equity portfolio, a total of $206 million was earmarked for four funds in October.
The largest allocation was $100 million to HarbourVest Partners' Dover Street X Feeder Fund, a private equity secondaries fund. The pension plan committed $30 million to KSL Capital Partners Credit Opportunity Fund III for investment in travel and leisure businesses.
The system also made commitments to two private equity co-investment funds, with $70 million to CO20201001 and $6 million to CO20201013. Its policy prohibits disclosure of the managers or specific strategies of co-investment funds.
On Sept. 30, the system committed $75 million to DivcoWest Fund VI, a real estate fund that will primarily target investments and locations serving the innovation and life-science sectors.