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TCDRS announces $120m in new PE commitments

The US pension fund has revealed two new private equity fund commitments.

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Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $41.8 billion
Allocation to private equity: 27.8%

Texas County & District Retirement System has revealed $120 million in commitments to private equity.

Commitments were made to two new vehicles, with $80 million being allocated to TA XV-A, a diversified buyout fund with a multi-regional focus. On top of this, $40 million was allocated to Lux Ventures VIII, a venture capital fund in North America that focuses on investments into biotech and life sciences.

As of December 31, the US pension fund allocated 27.8 percent of its portfolio towards private equity.

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