# ERS

ERS is a Pension Fund based in Austin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** 200 East 18th Street, Austin, TX 78701, United States
- **Founded:** 1947
- **Assets under management:** 40800 (Altss estimate)
- **Website:** ers.texas.gov
- **LinkedIn:** https://www.linkedin.com/company/employees-retirement-system-of-texas

## Regulatory record

- **Reports private funds:** No

## About

ERS administers retirement benefits, health and other insurance plans, and a tax-savings flexible benefit program. It covers employees and retirees of State of Texas agencies and higher education institutions. Founded in 1947, ERS manages and invests trust funds for the sole benefit of its members.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Public Equity

## People

- Porter Wilson — Executive Director
- David Veal — Chief Investment Officer
- Neika Clark — Board Chair
- Pat Frost — Vice Chair

## Questions

### Who runs investment decisions at ERS?

David Veal serves as Chief Investment Officer and oversees the portfolio. Porter Wilson acts as Executive Director with responsibility for agency operations. The Board of Trustees, chaired by Neika Clark, sets policy.

### How does ERS source proprietary deal flow?

ERS commits to funds managed by external general partners and participates in co-investments. Service providers Aksia and CBRE Caledon assist with due diligence on private equity and infrastructure opportunities.

### Does ERS participate in fund commitments or only direct deals?

The fund makes commitments to limited partnership vehicles across private equity, real estate and infrastructure. Direct holdings include public equities and certain real estate assets such as Prologis shares.

### What investment stages does ERS typically target?

Allocations cover buyout, growth capital, secondaries and infrastructure funds. Real estate exposure includes value-add and opportunistic strategies through managers such as Wheelock Street Capital.

### How is ERS related to the Teacher Retirement System of Texas?

ERS and TRS co-host the annual Emerging Manager Conference. The two systems share research and best practices on emerging manager programs.

### What is ERS known posture on co-investments alongside external GPs?

The fund maintains a co-investment strategy alongside its fund commitments. Specific co-investments appear in the private equity and infrastructure portfolios.

## Related profiles

- [Stanford University](https://altss.com/profile/stanford-university)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ers

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