Texas County commits $70m to private equity

The US pension plan has committed to two private equity vehicles in August.

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Texas County and District Retirement System has approved commitments to two private equity funds this month, allocating $30 million to OpenView Venture Partners V and $40 million to Joy Capital II.

The US public pension fund has a 14 percent target allocation to private equity, and currently commits 11.6 percent of its portfolio to the asset class.

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