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ERS Investments Division

ERS manages retirement trust assets of approximately $35 billion on behalf of state employees and retirees, who are the beneficiaries of the trust. ERS invests on a long-term basis with the goal of earning risk-adjusted investment returns at reasonable costs to help provide retirement benefits guaranteed for the lifetime of State of Texas retirees.

Read more on the ERS Investments Division.

Investment Opportunities

ERS Investments Division manages nearly 70% of the Trust internally and sees external management as an opportunity to complement internal management. 

External Advisor Program

Our current investment services providers offer advising in the following asset classes:

  • Fixed Income
  • Global Public Equity
  • Hedge Funds
  • Private Equity
  • Private Real Estate

Broker/Dealer


Investment program opportunities for brokerage services are available to firms that meet certain requirements.

Emerging Manager Program

ERS has determined that, over the long term,  inclusion of emerging managers as part of external investment management should enhance and diversify ERS’ expected trust portfolio and complement ERS’ internal investment management.