TCDRS approves $150m commitment

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

Institution: Texas County and District Retirement
Headquarters: Austin, United States
AUM: $29.06 billion
Allocation to alternatives: 46.7%

Texas County and District Retirement System has agreed to commit $150 million to GTCR Fund XIII, the pension’s latest activity report states.

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 renewables, technology, financial services and healthcare sectors within the Asia-Pacific, Europe and North America regions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.