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HarbourVest receives $100m from ERS Texas

The US public pension has backed a North American secondaries fund.

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Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $27.10 billion
Allocation to alternatives: 30.2%

Employees Retirement System of Texas has agreed to commit $100 million to Dover Street X, a contact at the pension informed Secondaries Investor. The 2018-vintage fund is managed by HarbourVest Partners.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the private equity and venture capital sectors within the Asia-Pacific, Europe and North America regions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.