TCDRS approves $125m in commitments

The US public pension has backed two North American private equity funds.

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

Texas County and District Retirement System has agreed to commit $95 million to Khosla Ventures VII and $30 million to Khosla Ventures Seed E, 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 stands at 19.40 percent.

The investor’s recent commitments are to funds focused on the renewable and technology sectors within North America.

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