TMRS approves $50m commitment

The US public pension has backed FTV's latest flagship series fund.

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 agreed to commit $50 million to FTV VI, according to the pension’s latest board meeting minutes. This is TMRS’s second commitment to the FTV fund series, having previously committed $50 million to FTV V in 2017.

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, TMRS has committed to six private equity funds with a 2019 vintage, which combined constitute $460 million.

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