TCDRS reveals $99m in PE commitments

The Texas-based pension made commitments to three private equity funds.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $41.8 billion
Allocation to private equity: 27.8%

The Texas County and District Retirement System has revealed $99 million in commitments to private equity, according to recent investment disclosures.

The US public pension fund made two commitments to US venture capital firm Mayfield, with $19.5 million allocated towards Mayfield Fund XVII, as well as a further $19.5 million to Mayfield Select III.

A further $60 million was committed to Cortec Group Fund VIII, a buyout fund managed by Cortec Group.

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