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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