Employees' Retirement System of Texas is one of the largest investors in buyout fund

by Matthew Robson

  • 06 Jul 2010
  • PE

The USD 21.3 billion public pension plan made a EUR 73.5 million commitment to the fund, which aims to raise EUR 550 million. The pension has a target allocation to private equity of 8 percent, which it expects to achieve in the medium term. The Employees' Retirement System of Texas has also invested in two US buyout funds this year: Hellman & Friedman VII and TA XI. Riverside Europe Fund IV invests in European small to mid-market companies. It typically invests between EUR 15 million and EUR 25 million per company.

In South America, Corporación Andina de Fomento (CAF) recently invested USD 10 million in Enfoca Discovery 1, an expansion fund. The Peru-focused fund, which is targeting USD 100 million, invests between USD 10 million and USD 12.5 million in small to mid-market companies. CAF is a USD 16.8 billion government agency based in Caracas, Venezuela. Its objective is to support sustainable development and economic integration in Latin America and the southern Caribbean. It has in the past invested in a number of private equity funds, such as Escala Capital in Colombia and the social enterprise-focused Ignia Fund I.

More information on institutional investors in private equity can be found on Preqin's Investor Intelligence database.


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