TCDRS approves €90m commitment

The US public pension has backed a European private equity fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.06 billion
Allocation to alternatives: 46.7%

Texas County and District Retirement System has agreed to commit €90 million to Marlin Heritage Europe II, according to pension’s July 2020 meeting minutes.

The $29.06 billion US public pension has a 20 percent target allocation to private equity that currently stands at 19.4 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology, life sciences and healthcare sectors within the Europe and North America regions.

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