TCDRS approves $185m in commitments

The US public pension has backed two buyout funds.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $33.40bn
Allocation to alternatives: 39.31%
Bitesize: $50-100m

Texas County and District Retirement System has agreed to commit $110 million to Odyssey Investment Partners Fund VI and $75 million to Vista Foundation Fund IV, according to the pension’s February 2020 investment report.

The $33.40 billion US public pension has an 18.0 percent target allocation to private equity that currently stands at 16.0 percent.

As illustrated below, TCDRS has made several commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $2.66 billion.

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