Texas Employees Retirement System, Austin, committed a total of $165 million to two alternative investment strategies in November, a transaction report from the $28.6 billion system showed.
The largest commitment was $125 million to existing manager Digital Colony Management for investment in Digital Colony Partners II, an infrastructure fund whose portfolio managers will seek investment in international developed markets.
The system's allocation to infrastructure strategies was 3.9% as of Sept. 30, an investment report showed. Texas ERS committed $100 million to the prior fund in Digital Colony's infrastructure family.
The second commitment was $40 million to Brighton Park Capital Fund I, a venture capital fund run by a new manager for the system, Brighton Park Capital Management. The fund will partner with entrepreneurs and CEOs to invest in market-leading software and technology-services companies.
ERS' allocation to private equity/venture capital was 15.78% at the end of September.