TCDRS approves $90m commitment

The US public pension has backed TA's latest growth fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $50-100m

Texas County and District Retirement System (TCDRS) has agreed to commit $90 million to TA XIII, according to a recent report on the pension’s website. TA Associates’ 13th growth equity fund is investing in North America and Western Europe.

The $29.16 billion US public pension has an 18.0 percent current and target allocation to private equity.

As illustrated in the charts below, TCDRS has made seven commitments to private equity funds with a 2019 vintage which combined constitute $460 million.

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