Texas Employees commits $130 million to alternatives Print Texas Employees Retirement System, Austin, committed $130 million to three private market strategies in February, a transaction report from the $30.9 billion fund showed. The largest commitment was $80 million to existing manager Ardian for investment in Ardian Americas Infrastructure Fund V. The fund's portfolio managers will seek infrastructure investment opportunities in the U.S. and in other countries in the Americas. Funding for the commitment will come from Texas Employees' $1.1 billion infrastructure portfolio. From the system's $4.9 billion private equity portfolio, $40 million was committed to Avista Capital Partners V for investment in middle-market, growth-oriented health-care companies primarily in the U.S. Avista is a new manager for ERS.