ERS approves €10m commitment

The US public pension has backed a European venture debt fund.

Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $27.84bn
Allocation to alternatives: 24.58%
Bitesize: $50-100m

Employees Retirement System of Texas (ERS) has agreed to commit €10 million to Triton Debt Opportunities Fund II, a contact at the pension informed Private Debt Investor. The fund offers venture debt financing across Europe.

As illustrated in the charts below, ERS invests into private debt funds with varying strategies.

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