TCDRS approves $30m commitment

The US public pension has backed a North America-focused VC fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $30.39bn
Allocation to alternatives: 30.12%
Bitesize: $50-100m

Texas County and District Retirement System (TCDRS) has agreed to commit $30 million to Threshold Ventures III, according to a recent report on the pension’s website. The venture capital fund is focusing on early-stage investments across all sectors in North America.

The $30.39 billion US public pension has an 18.0 percent target allocation to private equity that currently stands at 15.0 percent.

As illustrated below, TCDRS has made 15 commitments to private equity funds with a 2019 vintage, which combined constitute $893.39 million.

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