Texas County commits over $107m to private equity

The pension's private equity investment to Shine Capital I is the GP's sole investment.

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 committed $107.5 million to funds from Signal Capital Partners and Shine Capital, according to information on its website from its September 2020 board meeting.

The pension pledged up to $85 million to Signal Alpha II Fund, which is targeting €1 billion and is focused on investments in Europe. Texas County also committed $22.5 million Shine Capital I, which targets investments in North America.

Private equity makes up 19.4 percent of the pension’s $29.06 billion portfolio. As illustrated below, Texas County typically commits to North American funds.

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