Texas Employees Retirement System, Austin, committed a total of $110 million to two alternative investment funds in August from the system's $33.3 billion defined benefit plan, an investment report showed.
The largest allocation was $100 million to LOGOS Asia Core Plus Logistics Venture, managed by LOGOS Group, a new manager for the pension fund.
Funding for the Asia-focused logistics real estate fund comes from the system's $3.7 billion private real estate portfolio, which accounts for 11% of DB plan assets.
From the system's $6.7 billion private equity portfolio, $10 million was committed to CO20220822, a co-investment.
As a matter of policy, ERS does not reveal the identity of co-investment managers or fund strategies.