Texas Employees Retirement System, Austin, disclosed private market commitments totaling $246 million in March, according to a transaction report.
The $30.9 billion pension fund made a follow-on commitment of $75 million to open-end real estate fund Invesco Real Estate Asia Fund. It also made follow-on commitments of $25 million to private equity fund-of-funds ERS Private Equity Emerging Manager III, managed by Baring Private Equity Asia, and A$27.4 million ($21 million) to QIC Global Infrastructure Fund.
The pension fund also committed $100 million to real estate co-investment CO20210322, $10 million to private infrastructure co-investment CO20210401, and $10 million and $5 million, respectively, to private equity co-investments CO20210303 and CO20210331.
As a matter of policy, ERS does not identify the manager or investment target of co-investments.