Texas Employees Retirement System, Austin, made three new commitments in June totaling $135 million, a transaction report shows.
The $27.1 billion pension fund committed $55 million to Meridian Realty Partners IV, a value-added real estate fund managed by Meridian Group; $50 million to K5 Private Investors, a middle-market buyout fund managed by K1 Investment Management; and $30 million to venture capital fund Industry Ventures Direct II.
As of April 30, the actual allocations to private equity and real estate were 16.5% and 11.5%, respectively.
