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Texas ERS reallocates to managers to help navigate concentrated equity market

David Veal

Sarah Rundell

August 10, 2026

The Employees Retirement System of Texas is r
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One response to “Texas ERS reallocates to managers to help navigate concentrated equity market”

  1. Alex Suvorov

    Thank you for this insightful article. It provides valuable perspective for emerging fund managers on the challenges LPs face with concentrated private equity exposure. I’m curious whether ERS considers co-investments with independent sponsors or acquisition platforms as a potential source of differentiated returns and diversification, particularly given the flexibility of deal-by-deal capital and the ability to avoid some of the constraints of traditional blind-pool private equity, where capital is committed for a long period before the underlying investments are known and with limited visibility into how the portfolio will ultimately be constructed.

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