TCDRS approves $70m in commitments

The US public pension has backed two 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 and District Retirement System (TCDRS) has agreed to commit $45 million to DCVC V managed by Data Collective as well as agreeing to a $25 million top-up commitment to KSL Capital Partners V. TCDRS made an initial $75 million commitment to KSL Capital Partners V earlier this year. The pension’s commitment to the fund now totals $100 million.

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 illustrated below, TCDRS has made several commitments to private equity funds witrh a vintage year of 2018 or 2019 which combined constitute $3.17 billion.

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