TMRS approves $250m in commitments

The US public pension has backed three private equity funds.

Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
AUM: $29.98bn
Allocation to alternatives: 18.30%
Bitesize: $50-100m

Texas Municipal Retirement System has confirmed $250 million-worth of private equity commitments to three vehicles, a contact at the pension informed Private Equity International.

The commitments comprise of $100 million to Insight Venture Partners XI and $75 million apiece to One Rock Capital Partners III and Altaris Health Partners V.

The $29.98 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 2.40 percent.

As illustrated below, the TMRS has made 10 commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $760 million.

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