TMRS approves $160m in commitments

TMRS has recommended commitments in line with its $500 million fund pacing model goal for the year.

Texas Municipal Retirement System has approved commitments of $55 million to Providence Equity Partners VIII, $50 million to TPG Opportunities Partners IV, $45 million to Foundry Group Next 2018 and $10 million to Providence Strategic Growth III – adding to the $60 million previously committed to the fund.

The $28 billion US public pension has a 5 percent target allocation to private equity that currently stands at 0.95 percent.

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