Fundraising

Industry Ventures receives commitments from ERS Texas

The US public pension has made its debut commitments to two secondaries vehicles in 2020.

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Institution: Employees Retirement System of Texas
Headquarters: Austin, US
AUM: $28.30 billion
Allocation to alternatives: 30.0%

Employees Retirement System of Texas has agreed to commit $50 million to Industry Venture Lonestar Fund and $40 million to Industry Ventures Secondary Fund IX, a contact at the pension informed Secondaries Investor.

The pension fund is a repeat investor to Industry Ventures. The funds will primarily focus on investments located in North America.

As illustrated below, the pension fund’s recent commitments are to funds focused on the venture capital and private equity 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.