Insight

TCDRS approves more than $150m in commitments

The Austin-based public pension has backed two private equity vehicles.

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Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $42 billion
Allocation to alternatives: 52.6%

Texas County and District Retirement System has approved $163.4 million in commitments across two private equity funds, according to the pension’s recent investment activity.

The pension committed $125 million to Veritas Capital Fund VIII and $38.4 million to Shine Capital II.

TCDRS’s current allocation to private equity sits at 21.7 percent, under its 25 percent target allocation. As illustrated below, the US public pension’s recent private equity commitments have concentrated on venture capital and buyout vehicles in North America.

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