TCDRS approves $115m commitment

The US public pension has backed Accel-KKR's sixth buyout fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $50-100m

Texas County and District Retirement System (TCDRS) has agreed to commit $115 million to Accel-KKR Capital Partners VI, according to a recent report on the pension’s website. The buyout fund invests into the TMT sector within North America and Western Europe.

The $29.16 billion US public pension has an 18.0 percent current and target allocation to private equity.

As illustrated in the charts below, TCDRS has made six commitments to private equity funds with a 2019 vintage, which combined constitute $370 million.

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