The Texas Employees Retirement System will increase its alternative investments next year to $2.4 billion.
The system's board agreed at its latest meeting to increase its investments in private equity, hedge fund and infrastructure portfolios.
It will commit $700 million to private equity funds in 2014, raising the system's private equity assets from 8 percent to 10 percent of the pension fund's assets. The Texas Employees Retirement System had a private equity portfolio of $1.5 billion as of June 30, 2013.
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