Texas ERS mapping out nearly $2bn in alts activity through 2021

The $27 billion Employees Retirement System of Texas unveiled its plans to boost allocations in equity long/short, opportunistic credit and relative value strategies alongside new private equity investments over the next 12 months at an August trustee meeting.

This is on top of previous tactical plans to add capital to private real estate and infrastructure assets, approved in May. In total, the new alternative investment allocations could total as much as $1.8 . . .

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