Texas Employees Retirement System, Austin, committed €45 million ($45 million) to Hg Genesis 10 A, a European upper middle-market buyout fund.
It was the pension fund's only commitment to an investment firm in September, a report from the $33.3 billion retirement system showed.
The fund's manager, Hg Capital, is an existing manager for ERS,
The commitment is from ERS' $6.7 billion private equity portfolio, which accounted for 20% of plan assets as of Aug. 31.
