Alfie Crooks

The US pension's investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.