Texas Employees Retirement System, Austin, committed a total of $72.5 million to two new alternative investment managers for the pension fund in April, a transaction report for the $26.5 billion pension fund showed.
From the pension fund's $2.6 billion real estate portfolio, Black Chamber Partners was awarded $37.5 million for investment in BlackChamber Real Estate Opportunity Fund, a closed-end fund.
From its $4.3 billion private equity portfolio, the pension fund committed $35 million to Arctos Sports Partners Fund I, a private equity fund that acquires minority stakes in sports franchises.
