Become a member and subscribe Login
Asset Owner Directory

Employees Retirement System of Texas

The Employees Retirement System of Texas (ERS) man
Continue Reading

Access the full content on Top1000funds.com

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).
Create your Top1000funds.com subscription account
Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.
Or request login link
Asset owners get permanent complimentary access. Learn more about memberships
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

Website
View the annual report
Global Pension Transparency Benchmark country system description

Asset allocation as of August 31, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

The Austin advantage: Texas Teachers talks optimism, innovation and growth

Jase Auby, TRS's celebrated CIO, explains why TPA doesn't fit with its culture; why community push back on data centres could turn out to be an investor advantage, and argues the case for continuing to invest in fossil fuels. Top1000funds.com sat down with the CIO in his Austin office for an all-encompassing conversation.

Sarah Rundell

July 09, 2026

The twin forces rewriting the rules of investing

Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.

Simon Hoyle

June 05, 2026

Allocators seek out new portfolio tools expecting higher inflation

Asset allocators are seeking new ways to optimise portfolios beyond using the historic mean variance tools in the face of higher and more volatile inflation expectations. That can mean moving from SAA to a TPA, which is often a challenging task, but a new context demands modern investment frameworks.

Darcy Song

November 20, 2025

Texas politicians reinstate BlackRock as manager’s ties to the state grow

Public funds in Texas can work with BlackRock once again after legislators removed it from a blacklist of companies accused of "boycotting" the oil and gas industry. The decision comes as Texas's administration found alignment with the asset manager which backed key economic initiatives including the Texas Stock Exchange.

Sarah Rundell and Darcy Song

June 06, 2025

Looking past the hype to the real benefits (and risks) of AI

AI is on every investor’s lips as a technology that will revolutionise businesses and industries. The Fiduciary Investors Symposium heard that looking past the hype to the tangible, on-the-ground benefits presents some genuine challenges for asset owners and the managers they often employ to do it for them.

Simon Hoyle

June 12, 2024

Texas ERS boosts cash allocation as higher rates end era of dead money

Texas ERS has bumped up its allocation to cash to 10 per cent, and revamped its global equities around a core fund with an overweight to AI and other Magic Seven themes, drug manufacturers and aerospace. Another key development in equities includes reducing the number of stocks by half.

Sarah Rundell

January 30, 2024

Load more
Asset Owner Directory
Fund NameCountryAUM ($B)ArticlesMore Info

Public Sector Pension Investment Board (PSP Investments)

Canada$22817View Info

Canada Pension Plan Investments (CPPIB)

Canada$572102View Info

The Pension Protection Fund

United Kingdom$437View Info
View more funds

Fiduciary Investors Podcast Series

Listen to Podcast

Subscribe now to

Become a member and subscribe

Join Now

Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.

The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.

Top1000funds.com is read by investment professionals in more than 40 countries.

Privacy Policy | Terms of Service | Cookie Policy | AI Editorial Policy