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ERS commits $100m to LGT’s Crown Secondaries Special Opportunities II

The US public pension has backed a global secondaries fund.

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Institution: Employees Retirement System of Texas
Headquarters: Austin, United States
AUM: $27.80bn
Allocation to alternatives: 27.57%
Bitesize: $50-100m

Employees Retirement System of Texas (ERS) has agreed to commit $100 million to Crown Secondaries Special Opportunities II, a contact at the pension informed Secondaries Investor. The 2018 vintage fund is managed by LGT Capital Partners.

As illustrated below, ERS previously committed $100 million to Crown Secondaries Opportunities I as well as three other secondaries funds managed by LGT Capital Partners.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.