TMRS approves $110m in commitments

The US public pension fund has backed two North America focused private equity funds.

At its September meeting, the Board of Texas Municipal Retirement System approved two private equity fund commitments of $110 million. A commitment of $60 million was made to Tritium II, which targets information services, supply chain, and business/financial services companies across the United States. Main Post Growth Capital II received $50 million, which the firm will invest in high-growth consumer value chain businesses.

The $29 billion US public pension has a 5 percent target allocation to private equity that currently stands at 1.4 percent.

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