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: 46.7%

Texas County and District Retirement System has agreed to commit $95 million to Khosla Ventures VII and $30 million to Khosla Ventures Seed E, according to the pension’s recent investment activity report.

The $29.06 billion US public pension has a 20 percent target allocation to private equity that currently stands at 19.4 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology and renewables sectors within the North America region.

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