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​texas Ers To Target Europe As It Ramps Up Infrastructure Exposure | News | Ipe Ra

by realassets.ipe.com posted 2years ago 58 views
Pavilion says pension fund should invest $2bn over the next five years. : Employees Retirement System of Texas (ERS) will have to invest over $2bn (€1.6bn) in infrastructure over the next five years to enable it to achieve its target allocation for the asset class. According to a board meeting report, the pension fund’s consultant Pavilion Alternatives Group said it will need to invest $470m annually to reach its 7% target by 2023. The $28.5bn pension fund had $863m invested in infrastructure at the end of 2017, representing 3% of total assets.

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