T
he Employees Retirement System (ERS) of Texas has greenlit $450m in new investments, primarily focused on real estate and infrastructure. A significant portion of this allocation will go towards CBRE Investment Management's Asia-focused value-add fund, with ERS committing $100m to the latest iteration of the series.

    In addition, the pension fund doubled its investment in Wheelock Street Capital's US opportunistic real estate fund, adding another $100m commitment on top of an initial $100m made in January 2020. A further $50m will be invested in Sabal Investment Advisors' SIH Debt Opportunity Fund III, a US real estate debt fund.

    ERS also allocated funds to Northpond Partners' Northpond Fund V, investing $35m in the manager's undervalued retail and mixed-use properties strategy. Furthermore, the pension fund approved two co-investments: a $150m allocation for real estate and a $15m allocation for infrastructure projects.