TCDRS approves $100m commitment

The US public pension has backed a North American private equity fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $29.06 billion
Allocation to alternatives: 46.70%

Texas County and District Retirement System has agreed to commit $100 million to Incline Aviation II Fund, the pension’s latest activity report states.

The $29.06 billion US public pension has a 20.0 percent target allocation to private equity that currently stands at 19.40 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the technology, renewables, financial services, consumer goods, healthcare and business services sectors within the Asia-Pacific, Europe, Middle East/Africa and North America regions.

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