TCDRS approves $50m commitment

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

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $29.06 billion
Allocation to alternatives: 46.70%

Texas County and District Retirement System has agreed to commit $50 million to Accel-KKR Emerging Buyout Partners, a contact at the pension informed Private Equity International.

The $29.06 billion US public pension has a 20.0 percent target allocation to private equity that currently stands at 19.4 percent.

As illustrated below, its recent commitments have been to funds focused on the biotechnology and life sciences sectors in North America and Europe.

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