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Texas Employees commits $90 million to 2 co-investment funds

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The $33.5 billion Texas Employees Retirement System, Austin, committed $90 million to two co-investment funds in June, a transaction report showed.

The largest commitment was $75 million to CO20210602, a real estate co-investment, from ERS’ $4 billion private real estate portfolio.

An additional $15 million commitment was made to CO20180629, a private infrastructure co-investment, from the system’s $1.3 billion infrastructure portfolio.

ERS originally committed $50 million to the fund in June 2018.

As a matter of policy, the system does not identify the manager or investment target of co-investments.