TCDRS approves $337m in commitments

The US public pension has backed three private equity funds.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $32.11bn
Allocation to alternatives: 39.31%
Bitesize: $50-100m

Texas County and District Retirement System has confirmed $337 million-worth of private equity commitments across three vehicles, according to the pension’s January 2020 investment news.

The commitments comprise of $167 million to ICG Private Markets Fund SCSp SICAV-RAIF — ICG Sale & Leaseback (USD) 1, $100 million to EIV Capital Fund IV and $70 million to Wynnchurch Capital Partners V.

The $32.11 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 vintage, which combined constitute $2.38 billion.

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