Employees Retirement System of Texas

The Employees Retirement System of Texas (ERS) manages benefits for employees and retirees of State of Texas agencies and some higher education institutions. These benefits contribute to the financial security and overall well-being of employees, retirees and their families. The State of Texas Retirement program is a defined benefit retirement plan for eligible employees of State of Texas agencies, with mandatory participation.

Country

United States

AUM

$43

Performance (%, 1YR)

8.90

Chief Executive

Porter Wilson

Chief Investment Officer

David Veal

Performance Notes

Time Weighted Rates of Return

Chair

Neika Clark

Asset allocation

36.36% Public Equity

16.87% Private Equity

8.22% Public Credit

3.4% Private Credit

1.48% Public Real Estate

9.78% Private Real Estate

6.31% Infrastructure

10.08% Rates

1.49% Cash & Equivalents

5.65% Hedge Funds

0.36% Special Situations