Texas Employee Plan to Discuss Private Equity Targets

August 24, 2009

The Employees Retirement System of Texas (ERS) will review a proposal tomorrow suggesting private equity investment expectations for the fiscal year 2010. At a joint meeting of the board of trustees and investment advisory committee, staff will recommend that the plan turn down its investment target a notch. The 2010 Private Equity Annual Tactical Plan calls for $600 million in commitments, with a range of +/- 25%, or $450 to $750 million, according to a…

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