Texas Employees Retirement System, Austin, disclosed $120 million in commitments completed in October.
The $40.6 billion pension fund committed $50 million to Tallvine Middle Market Infrastructure Fund I, an infrastructure fund managed by Tallvine Partners; and $20 million to buyout fund Sheridan Capital Partners HCIT Fund I, according to a Dec. 6 emailed update.
Also, the pension fund made a follow-on commitment of $50 million to to Marblegate Partners Onshore Fund III, a distressed debt fund that seeks investments in middle-market credit opportunities primarily in North America, managed by Marblegate Asset Management. The pension fund originally committed $75 million to the Marblegate fund earlier this year.
As of Sept. 30, the pension fund’s actual allocations to private equity, private infrastructure and private credit were 17.2%, 5.9% and 3.6%, respectively; their respective targets are 16%, 5% and 3%.
