Pension fund proposes widening real estate strategy. : Employees Retirement System of Texas (Texas ERS) could expand its real estate strategy to invest in proptech. The pension fund has proposed a change to allow it to invest in real estate-related venture capital, which could include technological innovations. In a board meeting document, Texas ERS said such an approach could enhance traditional real estate returns and capitalise on disruptions to traditional landlord-tenant relationships. The $29bn (€26bn) pension fund plans to make $650m of real estate investments in the next fiscal year, which starts in September.