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TCDRS approves $47m in commitments

The US public pension has backed two venture funds.

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Texas County and District Retirement System has disclosed two March commitments of $25 million to Lightspeed Venture Partners Select III and $22 million to Lightspeed Venture Partners XII.

The $30 billion US public pension has a 16 percent target allocation to private equity that currently stands at 12.85 percent.

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