Texas pension fund commits $75m to Actis's latest energy fund

Texas pension fund commits $75m to Actis's latest energy fund

A man grazes a herd of goats near a wind turbine manufactured by Inox Wind Ltd. operating near electricity pylons at the Ostro Energy Pvt. Lahori Wind Farm in Lahori, Madhya Pradesh, India, on Monday, Aug. 14, 2017. Photographer: Dhiraj Singh/Bloomberg

The Employees Retirement System of Texas (ERS), one of the largest pension funds in the US, has committed $75 million to the latest energy-focused fund of emerging markets investor Actis in July.

The commitment to Actis Energy 5 was part of the $375 million that ERS of Texas committed to six funds in July, according to its latest disclosure.

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