Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 37.23%
Texas County and District Retirement System (TCDRS) has agreed to commit $85 million to Advent International GPE IX, according to a recent report on the pension’s website. The buyout fund will invest in North America and Europe.
The $29.16 billion US public pension has a 18.0 percent current and target allocation to private equity.
As illustrated in the charts below, TCDRS has made five commitments to private equity funds with a 2019 vintage, which combined constitute $255 million.
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