TCDRS approves $226m in commitments

The US public pension has backed three North America-focused private equity funds.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 34.67%
Bitesize: $50-100m

Texas County & District Retirement System (TCDRS) has agreed to commit $76 million to Genstar Capital Partners IX, $100 million to Summit Partners Growth Equity Fund X and $50 million to Nautic Partners IX, according to a recent report on the pension’s website.

The $29.16 billion US public pension has a 16.0 percent target allocation to private equity that currently stands at 15.44 percent.

As shown in the graphs below, TCDRS has made four commitments to private equity funds with a 2019 vintage, which combined constitute $210 million.

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