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Public Pension Fund • Austin, United States

Employees Retirement System of Texas

Employees Retirement System of Texas is a public pension fund based in Austin, United States, founded in 1947. Verified contact details, AUM data, and investment preferences on FindLPs.

$40.0B
Assets Under Mgmt
1947
Year Founded
Public Pension Fund
Investor Type
Austin, United States
Headquarters
About

Employees Retirement System of Texas

Employees Retirement System of Texas's investment portfolio is valued at $39.9 billion as of August 31, 2024, with investments in private equity, real estate, hedge funds, infrastructure, special opportunistic funds, real assets, natural resources, publicly-traded equities, fixed income securities, and cash. The System makes contingent commitments to investments in entities that manage private equity, private real estate, private infrastructure, private fixed income, and hedge fund portfolios. As of May 31, 2024, the private equity portfolio was valued at $6.75 billion, representing 17.4% of the total portfolio. This is an increase compared to May 31, 2023, when the private equity portfolio was valued at $6.40 billion. The private equity portfolio is currently overweight compared to the target allocation of 16%. Investments in private equity include buyouts, diversified private equity, private equity growth expansion, and venture capital strategies. International private equity investments shall comprise no more than 50% of the private equity investment allocation and shall be diversified in the context of the total portfolio. The portfolio is open to first-time fund investments. As of May 31, 2024, the infrastructure portfolio was valued at $2.32 billion. The fund's investments are governed by the board of trustees, with Mr. Machelle Pharr serving as a Chief Financial Officer. Albourne Partners, CBRE Caledon, LP Capital Advisors, Meketa Investment Group, and NEPC serve as LP Consultants.

Investment Focus

What Employees Retirement System of Texas Invests In

Investment types: Agriculture, Buyout, Co-Investment, Collateralized Loan Obligation (CLO), Credit Special Situations, Direct Lending, Distressed Debt, Private Equity, Fund of Funds, Growth/Expansion, Hedge Fund, Infrastructure - General, Infrastructure Core, Infrastructure Opportunistic, Infrastructure Value Added, Mezzanine, Oil/Gas, Real Assets & Natural Resources - General, Real Estate - General, Real Estate Core, Real Estate Core Plus, Real Estate Debt, Real Estate Distressed, Real Estate Opportunistic, Real Estate Value Added, Restructuring/Turnaround, Secondaries, Venture Capital

Preferred geographies: Africa, Americas, Asia, Canada, Europe, Middle East, Oceania, United States

Location: 200 East 18th Street\nAustin, TX\n78701\nUnited States

Contact Employees Retirement System of Texas

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LP firm data compiled from public regulatory filings (SEC Form ADV, FCA, AIFMD disclosures), company websites and press releases, LinkedIn public profiles, and verified outbound email testing. AUM figures reflect self-reported values from filings and may lag by 1–2 fiscal quarters; bands are normalized in USD. We do not publish personal residential information; firms or individuals may request removal at /contact. Methodology & sources · Updated July 2026.