Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
AUM: $27.59bn
Allocation to alternatives: 14.42%
Bitesize: $50-100m
Texas Municipal Retirement System (TMRS) has agreed to commit $150 million to Orion Mine Finance Fund III, $100 million to Appian Natural Resources Fund II and $25 million to Updata Partners VI, according to a recent report on the pension’s website. TMRS’ top-up commitment to Updata Partners VI follows the pension’s initial $50 million commitment from December 2018, making the total commitment to the fund $75 million.
The $27.59 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 2.02 percent.
As illustrated in the charts below, TMRS has made four commitments to private equity funds with a 2019 vintage, which combined constitute $350 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: