Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 30.12%
Texas County and District Retirement System (TCDRS) has agreed to $95 million in private equity commitments, according to a recent report on the pension’s website.
The commitments comprise of $55 million to Joy Capital III, $30 million to Sky9 Capital Fund IV and $10 million to Sky9 Capital MVP Fund. All three funds focus on the Asia-Pacific region, with Sky9 Capital’s two funds also focusing on North America.
The $30.39 billion US public pension has an 18.0 percent target allocation to private equity that currently stands at 15.0 percent.
As illustrated below, TCDRS has made 13 commitments to funds with a 2019 vintage, which combined constitute $788.39 million.
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